Signet Jewelers (NYSE:SIG) Hits New 1-Year Low - Here's Why

Signet Jewelers Limited (NYSE:SIG - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $48.59 and last traded at $48.64, with a volume of 1697804 shares changing hands. The stock had previously closed at $52.32.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Telsey Advisory Group decreased their price target on shares of Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company cut their price target on Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Finally, Bank of America lowered their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Signet Jewelers has an average rating of "Moderate Buy" and a consensus price target of $95.20.

Signet Jewelers Stock Up 0.3 %

The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 3.43 and a beta of 2.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The firm has a 50-day moving average price of $60.57 and a two-hundred day moving average price of $80.65.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company's quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. On average, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Insider Buying and Selling

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now directly owns 22,752 shares of the company's stock, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SIG. Harbor Capital Advisors Inc. acquired a new position in Signet Jewelers in the 3rd quarter valued at $25,000. Van ECK Associates Corp increased its stake in shares of Signet Jewelers by 40.0% during the third quarter. Van ECK Associates Corp now owns 28,081 shares of the company's stock worth $2,896,000 after acquiring an additional 8,024 shares during the period. Atria Investments Inc purchased a new position in Signet Jewelers during the third quarter worth about $254,000. State of New Jersey Common Pension Fund D lifted its position in Signet Jewelers by 33.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 24,096 shares of the company's stock valued at $2,485,000 after purchasing an additional 6,079 shares during the period. Finally, Versor Investments LP acquired a new position in Signet Jewelers during the 3rd quarter worth approximately $977,000.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.