Traders Buy Shares of Signet Jewelers Limited (SIG) on Weakness

Traders bought shares of Signet Jewelers Limited (NYSE:SIG) on weakness during trading on Tuesday. $281.00 million flowed into the stock on the tick-up and $256.94 million flowed out of the stock on the tick-down, for a money net flow of $24.06 million into the stock. Of all companies tracked, Signet Jewelers Limited had the 12th highest net in-flow for the day. Signet Jewelers Limited traded down ($23.05) for the day and closed at $52.79

Several research firms have commented on SIG. Cowen and Company reissued a “market perform” rating and issued a $67.00 target price (up from $61.00) on shares of Signet Jewelers Limited in a report on Tuesday, September 12th. Royal Bank Of Canada dropped their target price on Signet Jewelers Limited from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday. Telsey Advisory Group dropped their target price on Signet Jewelers Limited from $83.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday. Needham & Company LLC dropped their target price on Signet Jewelers Limited to $60.00 and set a “buy” rating on the stock in a report on Wednesday. They noted that the move was a valuation call. Finally, Nomura reissued a “buy” rating and issued a $64.00 target price on shares of Signet Jewelers Limited in a report on Wednesday. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $67.47.

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.14 and a current ratio of 2.63. The company has a market capitalization of $3,191.68, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03.

Signet Jewelers Limited (NYSE:SIG) last posted its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.76% and a net margin of 7.32%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. Signet Jewelers Limited’s revenue was up 1.9% on a year-over-year basis. equities analysts forecast that Signet Jewelers Limited will post 6.3 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Commonwealth Bank of Australia lifted its holdings in Signet Jewelers Limited by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after acquiring an additional 85 shares during the period. Monroe Bank & Trust MI bought a new position in Signet Jewelers Limited in the third quarter valued at about $179,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Signet Jewelers Limited in the second quarter valued at about $121,000. Tower Research Capital LLC TRC lifted its holdings in Signet Jewelers Limited by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after acquiring an additional 335 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Signet Jewelers Limited in the third quarter valued at about $202,000.

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Signet Jewelers Limited Company Profile

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

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