Signet Jewelers (NYSE:SIG) Price Target Cut to $132.00 by Analysts at UBS Group

Signet Jewelers (NYSE:SIG) had its target price decreased by UBS Group from $145.00 to $132.00 in a report issued on Wednesday morning. UBS Group currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on the stock. Telsey Advisory Group reduced their price objective on shares of Signet Jewelers from $105.00 to $87.00 and set a market perform rating for the company in a research report on Monday. Citigroup restated a buy rating and set a $119.00 target price on shares of Signet Jewelers in a research report on Friday, June 14th. StockNews.com downgraded shares of Signet Jewelers from a buy rating to a hold rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Signet Jewelers from $125.00 to $105.00 and set an overweight rating on the stock in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Signet Jewelers has an average rating of Moderate Buy and a consensus price target of $108.60.

Signet Jewelers Stock Up 2.4 %

SIG opened at $78.11 on Wednesday. Signet Jewelers has a 52 week low of $65.12 and a 52 week high of $112.06. The business has a 50 day moving average price of $81.36 and a two-hundred day moving average price of $92.39. The company has a market cap of $3.48 billion, a PE ratio of 6.35, a P/E/G ratio of 0.83 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, June 13th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. Signet Jewelers’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS. As a group, sell-side analysts expect that Signet Jewelers will post 10.6 EPS for the current fiscal year.

Insider Buying and Selling at Signet Jewelers

In other news, insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $80.00, for a total transaction of $640,000.00. Following the completion of the transaction, the insider now owns 46,821 shares of the company’s stock, valued at approximately $3,745,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Signet Jewelers news, insider Mary Elizabeth Finn sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $80.00, for a total transaction of $640,000.00. Following the completion of the transaction, the insider now directly owns 46,821 shares in the company, valued at approximately $3,745,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,334 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $87.94, for a total transaction of $293,191.96. Following the completion of the sale, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,439 shares of company stock valued at $4,809,869. Insiders own 3.26% of the company’s stock.

Institutional Investors Weigh In On Signet Jewelers

Large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Signet Jewelers in the second quarter valued at $51,000. Hexagon Capital Partners LLC lifted its holdings in Signet Jewelers by 33.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. lifted its holdings in Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Signet Jewelers by 55.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock worth $164,000 after purchasing an additional 544 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Signet Jewelers in the second quarter valued at approximately $180,000.

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.