The stock of Signet Jewelers Ltd. (NYSE:SIG) is a huge mover today! About 1.55M shares traded hands. Signet Jewelers Ltd. (NYSE:SIG) has declined 31.11% since March 2, 2016 and is downtrending. It has underperformed by 39.37% the S&P500.
The move comes after 9 months positive chart setup for the $6.34B company. It was reported on Oct, 5 by Barchart.com. We have $114.24 PT which if reached, will make NYSE:SIG worth $2.54B more.
Signet Jewelers Ltd. (NYSE:SIG) Ratings Coverage
Out of 15 analysts covering Signet Jewelers (NYSE:SIG), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Signet Jewelers has been the topic of 32 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs on Thursday, October 29 to “Conviction Buy”. The stock of Signet Jewelers Ltd. (NYSE:SIG) has “Neutral” rating given on Tuesday, August 30 by JP Morgan. RBC Capital Markets initiated Signet Jewelers Ltd. (NYSE:SIG) rating on Thursday, September 10. RBC Capital Markets has “Outperform” rating and $160 price target. The company was maintained on Monday, March 28 by Goldman Sachs. Johnson Rice downgraded Signet Jewelers Ltd. (NYSE:SIG) on Monday, August 29 to “Accumulate” rating. JP Morgan initiated Signet Jewelers Ltd. (NYSE:SIG) on Friday, November 6 with “Overweight” rating. RBC Capital Markets maintained it with “Outperform” rating and $140 target price in Wednesday, February 3 report. On Friday, August 26 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The rating was downgraded by Citigroup on Friday, August 26 to “Neutral”. The stock has “Buy” rating given by Buckingham Research on Friday, August 28.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.28, from 1.25 in 2016Q1. The ratio dropped, as 84 funds sold all Signet Jewelers Ltd. shares owned while 114 reduced positions. 56 funds bought stakes while 136 increased positions. They now own 77.93 million shares or 3.70% more from 75.15 million shares in 2016Q1.
Bluecrest Capital reported 19,472 shares or 0.07% of all its holdings. Joel Isaacson And Limited Liability Corp holds 1,325 shares or 0.02% of its portfolio. Brave Asset has 0.01% invested in the company for 200 shares. Ironwood Limited Liability Corp, a Arizona-based fund reported 19,527 shares. Winslow Evans & Crocker accumulated 40 shares or 0% of the stock. Moreover, Quantum Management has 0.87% invested in Signet Jewelers Ltd. (NYSE:SIG) for 75,104 shares. Investec Asset Management reported 1.03M shares or 0.44% of all its holdings. Moreover, Victory Capital has 0% invested in Signet Jewelers Ltd. (NYSE:SIG) for 6,166 shares. The Georgia-based Suntrust Banks has invested 0% in Signet Jewelers Ltd. (NYSE:SIG). Da Davidson And has invested 0% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG). Manufacturers Life Insur The, a Ontario – Canada-based fund reported 79,385 shares. Diam Limited last reported 9,209 shares in the company. Euclid Advisors Ltd Company has invested 0% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG). Wms Prtnrs Ltd Llc has 0.04% invested in the company for 3,164 shares. Diversified owns 16,352 shares or 0.16% of their US portfolio.
Insider Transactions: Since June 7, 2016, the stock had 16 insider buys, and 0 selling transactions for $1.35 million net activity. On Monday, June 13 the insider Murray George bought $97,086. McCluskey Helen also bought $89,910 worth of Signet Jewelers Ltd. (NYSE:SIG) shares. JENKINS MARK ANDREW also bought $27,544 worth of Signet Jewelers Ltd. (NYSE:SIG) on Tuesday, June 14. Brenner Philip Joseph bought $73,092 worth of stock. $45,860 worth of Signet Jewelers Ltd. (NYSE:SIG) shares were bought by Hobbs Sebastian. Drosos Virginia bought $100,141 worth of stock or 1,135 shares. LIGHT MARK bought $249,779 worth of stock.
More news for Signet Jewelers Ltd. (NYSE:SIG) were recently published by: Businesswire.com, which released: “STOCK LOSS ALERT: Rosen Law Firm Reminds Signet Jewelers Limited Investors of …” on September 26, 2016. Prnewswire.com‘s article titled: “INVESTOR ALERT: Rosen Law Firm Reminds Signet Jewelers Limited Investors of …” and published on September 07, 2016 is yet another important article.
SIG Company Profile
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.
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