Telsey Advisory Group Raises Signet Jewelers (NYSE:SIG) Price Target to $80.00

Signet Jewelers (NYSE:SIG - Get Free Report) had its target price upped by equities research analysts at Telsey Advisory Group from $62.00 to $80.00 in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has a "market perform" rating on the stock. Telsey Advisory Group's price target indicates a potential upside of 7.61% from the stock's current price.

SIG has been the topic of several other reports. Wells Fargo & Company lifted their target price on shares of Signet Jewelers from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. 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 target price for the company. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Finally, UBS Group boosted their target price on shares of Signet Jewelers from $77.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $84.67.

Signet Jewelers Stock Down 1.1%

NYSE SIG traded down $0.79 during trading hours on Tuesday, reaching $74.34. 1,779,088 shares of the company traded hands, compared to its average volume of 1,209,120. Signet Jewelers has a 12 month low of $45.55 and a 12 month high of $109.52. 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 stock has a market capitalization of $3.19 billion, a PE ratio of 8.55, a PEG ratio of 3.43 and a beta of 1.34. The company has a 50 day moving average of $60.78 and a two-hundred day moving average of $65.93.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued 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. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that Signet Jewelers will post 8.73 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIG. Brooklyn Investment Group increased its position in Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after acquiring an additional 427 shares in the last quarter. Allworth Financial LP increased its position in Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after acquiring an additional 445 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Signet Jewelers in the 1st quarter valued at about $36,000. Versant Capital Management Inc boosted its stake in shares of Signet Jewelers by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after purchasing an additional 223 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in shares of Signet Jewelers in the 1st quarter valued at about $45,000.

Signet Jewelers Company Profile

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.