Signet Jewelers (NYSE:SIG) Now Covered by Analysts at Jefferies Financial Group

Analysts at Jefferies Financial Group assumed coverage on shares of Signet Jewelers (NYSE:SIG - Get Free Report) in a research note issued on Monday,Benzinga reports. The brokerage set a "buy" rating and a $102.00 price target on the stock. Jefferies Financial Group's price target suggests a potential upside of 33.46% from the stock's current price.

Several other research analysts also recently commented on SIG. UBS Group lifted their price target on Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Bank of America upped their target price on shares of Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. CL King assumed coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They issued a "buy" rating and a $80.00 price target on the stock. Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company increased their target price on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Signet Jewelers has an average rating of "Moderate Buy" and a consensus target price of $87.14.

Signet Jewelers Price Performance

NYSE SIG opened at $76.43 on Monday. The company has a market cap of $3.15 billion, a P/E ratio of 8.80, a P/E/G ratio of 3.43 and a beta of 1.36. Signet Jewelers has a 1 year low of $45.55 and a 1 year high of $106.28. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $64.18 and a 200 day simple moving average of $64.48.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.17. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. On average, sell-side analysts predict that Signet Jewelers will post 8.73 EPS for the current year.

Insider Buying and Selling

In related news, CEO James Kevin Symancyk bought 15,000 shares of the company's stock in a transaction on Monday, March 31st. The stock was bought at an average cost of $57.45 per share, with a total value of $861,750.00. Following the completion of the purchase, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. The trade was a 42.01% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Helen Mccluskey purchased 1,700 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average cost of $58.86 per share, with a total value of $100,062.00. Following the acquisition, the director now owns 31,916 shares of the company's stock, valued at $1,878,575.76. This represents a 5.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors and hedge funds have recently made changes to their positions in SIG. Van ECK Associates Corp raised its stake in shares of Signet Jewelers by 30.5% during the fourth quarter. Van ECK Associates Corp now owns 36,655 shares of the company's stock worth $2,958,000 after buying an additional 8,574 shares during the last quarter. Rhumbline Advisers grew its holdings in Signet Jewelers by 3.8% during the 4th quarter. Rhumbline Advisers now owns 133,033 shares of the company's stock worth $10,737,000 after acquiring an additional 4,853 shares during the period. Principal Financial Group Inc. raised its position in shares of Signet Jewelers by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 213,535 shares of the company's stock valued at $17,234,000 after acquiring an additional 3,377 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Signet Jewelers in the 4th quarter worth $351,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Signet Jewelers by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 338,247 shares of the company's stock worth $27,300,000 after purchasing an additional 6,542 shares during the period.

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.

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