Signet Jewelers Limited (SIG) Issues Quarterly Earnings Results

Andrew Cummings
November 22, 2017

The stock's 12-month trailing earnings per share stands at $6.69. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.10 by $0.23. The stock increased 0.06% or $0.01 on November 21, reaching $16.53.

This company shares (FELP) so far managed to recover 20.4% since collapsing to its 52-week low.

Signet Jewelers Ltd now has a P/E ratio of 8.60 and the market value is 3.21B. They set a "buy" rating and a $69.00 target price on the stock. BidaskClub downgraded shares of Signet Jewelers Limited from a "hold" rating to a "sell" rating in a report on Monday, July 24th. They see Signet Jewelers Limited (SIG) price hitting a mean target of $66.91 a share, meaning the stock still has potential that could drag the price another -12.63% Also, the recent close suggests the stock is underpriced by 4.47% compared to the most bullish target. It has underperformed by 62.73% the S&P500.The move comes after 8 months negative chart setup for the $3.27 billion company. Stockholders of record on Friday, October 27th will be paid a $0.31 dividend. Its down 0.08, from 1.05 in 2017Q1. The number of shares now owned by investors are 38.65 mln. 37 funds opened positions while 106 raised stakes. Often, a boost in the volume of a stock is a harbinger of a price jump, either up or down. Mitsubishi Ufj Tru And Corp has 0.02% invested in Signet Jewelers Ltd. (NYSE:SIG) for 123,939 shares. Art Advsr Ltd Llc invested in 0.03% or 7,500 shares. Cowen and Company reiterated a "market perform" rating and issued a $67.00 price target (up previously from $61.00) on shares of Signet Jewelers Limited in a research note on Tuesday, September 12th. Hightower Lc reported 3,366 shares. Glg Limited Liability Company stated it has 4,024 shares. Asset Mgmt One Limited accumulated 93,729 shares. Birch Run Cap Advsr Limited Partnership reported 3.81% stake. Legal General Grp Inc Public Limited Com invested in 370,551 shares. Amica Mutual Ins Commerce holds 22,284 shares or 0.13% of its portfolio.

Since May 31, 2017, it had 1 buying transaction, and 0 selling transactions for $100,127 activity. Therefore 48% are positive. On Tuesday, August 23 the stock rating was maintained by Deutsche Bank with "Buy".

On November 2 analysts at Susquehanna Bancshares issued a report on SIG setting a rating of "Neutral". Telsey Advisory has "Hold" rating and $5800 target. The stock of 3i Group plc (LON:III) has "Neutral" rating given on Monday, November 14 by Citigroup. RBC Capital Markets maintained Signet Jewelers Ltd. (NYSE:SIG) rating on Thursday, July 6. The firm earned "Buy" rating on Wednesday, August 9 by Jefferies. Victory Capital Mngmt holds 0% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG) for 1,177 shares. Goldman Sachs has "Buy" rating and $192 target.

SIG has been the topic of a number of research reports.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. As of January 28, 2017, the Company had 3,682 stores and kiosks. The stock is performing -18.76% year to date.

Evanston Investments Inc Dba Evanston Advisors, which manages about $372.58M and $406.65M US Long portfolio, decreased its stake in Guggenheim Bulletshares 2017 Corp (BSCH) by 32,819 shares to 554,931 shares, valued at $12.55M in 2017Q2, according to the filing. The current consensus analyst recommendation is sitting at 2.50 on company shares.

In deciding what to focus on - in a stock, say - a typical day trader looks for three things: liquidity, volatility and trading volume. Chicago Bridge & Iron Company had 46 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was initiated by CLSA on Thursday, September 29 with "Outperform". SunTrust maintained the stock with "Buy" rating in Wednesday, October 4 report. The firm has "Sell" rating given on Wednesday, June 21 by Macquarie Research. The rating was maintained by Barclays Capital with "Overweight" on Thursday, July 28.

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