Signet Jewelers (NYSE:SIG) Given New $84.00 Price Target at UBS Group

Signet Jewelers (NYSE:SIG - Get Free Report) had its price objective lifted by equities research analysts at UBS Group from $77.00 to $84.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price target suggests a potential upside of 26.16% from the company's previous close.

SIG has been the topic of a number of other research reports. CL King began coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 price objective on the stock. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Wells Fargo & Company raised their price objective on Signet Jewelers from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $55.00 price objective on shares of Signet Jewelers in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $80.00.

Signet Jewelers Trading Down 0.5%

Shares of SIG stock traded down $0.31 on Tuesday, hitting $66.58. The company had a trading volume of 1,217,684 shares, compared to its average volume of 1,187,838. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $112.06. The stock's 50-day moving average is $60.35 and its two-hundred day moving average is $66.30. The firm has a market cap of $2.86 billion, a P/E ratio of 7.66, a P/E/G ratio of 3.43 and a beta of 1.34.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.73 EPS. On average, equities research analysts anticipate that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Insider Transactions at Signet Jewelers

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

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds have recently made changes to their positions in SIG. Cooper Creek Partners Management LLC increased its holdings in Signet Jewelers by 1,046.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock worth $152,495,000 after buying an additional 1,724,592 shares during the last quarter. Anomaly Capital Management LP grew its position in shares of Signet Jewelers by 862.5% during the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock valued at $142,253,000 after acquiring an additional 1,579,410 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Signet Jewelers by 175.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock valued at $107,963,000 after acquiring an additional 1,183,214 shares during the period. Norges Bank purchased a new stake in shares of Signet Jewelers during the 4th quarter worth approximately $40,989,000. Finally, Vanguard Group Inc. raised its holdings in shares of Signet Jewelers by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock worth $302,258,000 after purchasing an additional 389,852 shares during the period.

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.