November 29, 2016 - By Dolores Ford · 0 Comments
Signet Jewelers LTD (NYSE:SIG) institutional sentiment decreased to 0.76 in 2016 Q2. Its down -0.21, from 0.97 in 2016Q1. The ratio dropped, as 192 investment managers opened new or increased positions, while 198 sold and reduced their equity positions in Signet Jewelers LTD. The investment managers in our partner’s database now have: 77.93 million shares, up from 75.15 million shares in 2016Q1. Also, the number of investment managers holding Signet Jewelers LTD in their top 10 positions decreased from 19 to 10 for a decrease of 9. Sold All: 84 Reduced: 114 Increased: 136 New Position: 56.
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The company has a market cap of $6.94 billion. The Company’s divisions are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. It has a 14.13 P/E ratio. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones.
About 400,376 shares traded hands. Signet Jewelers Ltd. (NYSE:SIG) has declined 17.28% since April 26, 2016 and is downtrending. It has underperformed by 22.54% the S&P500.
According to Zacks Investment Research, “Signet Jewelers Ltd. is engaged in retailing of jewelry, watches and associated services. The company operates primarily in the United States, the United Kingdom, the Republic of Ireland and the Channel Islands. Signet Jewelers Ltd., formerly known as Signet Group PLC, is based in Hamilton, Bermuda.”
Abrams Bison Investments Llc holds 28.3% of its portfolio in Signet Jewelers Ltd. for 3.70 million shares. Springowl Associates Llc owns 16,500 shares or 9.64% of their US portfolio. Moreover, Dynamo Internacional Gestao De Recursos Ltda. has 9.62% invested in the company for 610,388 shares. The California-based Marcato Capital Management Lp has invested 9.1% in the stock. Hengistbury Investment Partners Llp, a United Kingdom-based fund reported 472,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 16 buys, and 0 selling transactions for $1.35 million net activity.
Ratings analysis reveals 67% of Signet Jewelers’s analysts are positive. Out of 15 Wall Street analysts rating Signet Jewelers, 10 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $83 while the high is $9700. The stock’s average target of $120.60 is 30.24% above today’s ($92.6) share price. SIG was included in 32 notes of analysts from July 28, 2015. The stock of Signet Jewelers Ltd. (NYSE:SIG) earned “Accumulate” rating by Johnson Rice on Monday, August 29. The stock of Signet Jewelers Ltd. (NYSE:SIG) has “Buy” rating given on Monday, March 28 by Goldman Sachs. The stock of Signet Jewelers Ltd. (NYSE:SIG) has “Overweight” rating given on Friday, November 6 by JP Morgan. The rating was downgraded by JP Morgan on Tuesday, August 30 to “Neutral”. The firm earned “Neutral” rating on Friday, May 27 by Goldman Sachs. The stock has “Outperform” rating given by Cowen & Co on Friday, August 26. As per Friday, August 26, the company rating was downgraded by Citigroup. Buckingham Research maintained it with “Buy” rating and $158 target price in Friday, August 28 report. Telsey Advisory Group maintained Signet Jewelers Ltd. (NYSE:SIG) rating on Friday, August 28. Telsey Advisory Group has “Outperform” rating and $165 price target. The firm has “Buy” rating given on Tuesday, May 31 by Nomura.
Signet Jewelers Limited, incorporated on June 25, 2008, is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s divisions are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones. The Firm operates retail jewelry stores in various real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Firm operates approximately 3,620 stores and kiosks across over five million square feet of retail space.
More important recent Signet Jewelers Ltd. (NYSE:SIG) news were published by: Fool.com which released: “Why Signet Jewelers Ltd. Stock Slumped Today” on May 26, 2016, also Forbes.com published article titled: “Signet Jewelers Enters Oversold Territory”, Forbes.com published: “W.W. Grainger Becomes #3 Most Shorted S&P 500 Component, Replacing Signet Jewelers” on November 28, 2016. More interesting news about Signet Jewelers Ltd. (NYSE:SIG) was released by: Marketwatch.com and their article: “Signet Jewelers to test tech that confirms gem authenticity after fraud …” with publication date: August 25, 2016.
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.
By Dolores Ford