Are Analysts Bearish Signet Jewelers Limited (NYSE:SIG) After Last Week?

January 15, 2018 - By Marguerite Chambers

 Are Analysts Bearish Signet Jewelers Limited (NYSE:SIG) After Last Week?
Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.20, from 0.97 in 2017Q2. It dived, as 32 investors sold Signet Jewelers Limited shares while 132 reduced holdings. 61 funds opened positions while 66 raised stakes. 67.66 million shares or 6.80% less from 72.59 million shares in 2017Q2 were reported.
Nordea Investment Mgmt owns 2,699 shares. Freestone Cap Lc has 18,789 shares for 0.09% of their portfolio. California State Teachers Retirement holds 121,642 shares. Natl Bank Of Mellon holds 0.01% or 506,972 shares. Asset Management One invested in 0.01% or 88,969 shares. Glg Ltd Company invested in 3,681 shares or 0.02% of the stock. Westpac Corporation reported 3,949 shares or 0.01% of all its holdings. Rafferty Asset Mngmt Llc reported 72,345 shares or 0.11% of all its holdings. Intact Invest Management has invested 0.01% in Signet Jewelers Limited (NYSE:SIG). Wells Fargo And Mn has 257,894 shares for 0.01% of their portfolio. Toronto Dominion Bancorporation reported 22,982 shares or 0% of all its holdings. United Services Automobile Association accumulated 21,357 shares. Srb Corp holds 3,366 shares or 0.03% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt invested in 1,100 shares. Nuveen Asset Mgmt Llc accumulated 0.02% or 42,189 shares.

Signet Jewelers Limited (NYSE:SIG) Ratings Coverage

Among 21 analysts covering Signet Jewelers (NYSE:SIG), 8 have Buy rating, 0 Sell and 13 Hold. Therefore 38% are positive. Signet Jewelers had 71 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Friday, May 27 to “Neutral”. The rating was maintained by Cowen & Co on Wednesday, November 22 with “Hold”. The firm earned “Accumulate” rating on Monday, August 29 by Johnson Rice. The firm earned “Outperform” rating on Wednesday, August 19 by BNP Paribas. As per Monday, May 29, the company rating was downgraded by CL King. The company was downgraded on Friday, August 26 by Citigroup. As per Tuesday, July 28, the company rating was maintained by Deutsche Bank. Cowen & Co maintained Signet Jewelers Limited (NYSE:SIG) on Thursday, August 24 with “Hold” rating. Buckingham Research maintained Signet Jewelers Limited (NYSE:SIG) rating on Tuesday, November 14. Buckingham Research has “Neutral” rating and $72 target. The stock has “Market Perform” rating by Telsey Advisory Group on Wednesday, March 1. Below is a list of Signet Jewelers Limited (NYSE:SIG) latest ratings and price target changes.

12/01/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
11/01/2018 Broker: Wells Fargo Rating: Hold New Target: $52.0 Maintain
10/01/2018 Broker: Susquehanna Rating: Hold New Target: $52.0 Maintain
22/11/2017 Broker: Cowen & Co Rating: Hold Maintain
22/11/2017 Broker: Telsey Advisory Rating: Hold New Target: $60.0 Maintain
22/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $60.0 Maintain
21/11/2017 Broker: Wells Fargo Rating: Hold New Target: $60.0 Downgrade
14/11/2017 Broker: Buckingham Research Rating: Neutral Old Target: $55 New Target: $72 Maintain
02/11/2017 Broker: Susquehanna Rating: Hold New Target: $60.0 Initiate
03/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $66.0 Maintain

The stock increased 3.11% or $1.72 during the last trading session, reaching $56.94. About 2.84M shares traded or 6.57% up from the average. Signet Jewelers Limited (NYSE:SIG) has declined 46.03% since January 15, 2017 and is downtrending. It has underperformed by 62.73% the S&P500.

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company has market cap of $3.45 billion. The Company’s Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall regional brands. It has a 8.65 P/E ratio. As of January 28, 2017, this division operated 1,588 stores.

More recent Signet Jewelers Limited (NYSE:SIG) news were published by: Businesswire.com which released: “EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action …” on January 02, 2018. Also Globenewswire.com published the news titled: “IMPORTANT SIGNET JEWELERS LIMITED INVESTOR ALERT: Wolf Haldenstein Adler …” on December 21, 2017. Seekingalpha.com‘s news article titled: “Signet Jewelers issues guidance update” with publication date: January 10, 2018 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.