Do Institutional Investors Hate Signet Jewelers LTD (NYSE:SIG)?

May 19, 2017 - By Richard Conner

 Do Institutional Investors Hate Signet Jewelers LTD (NYSE:SIG)?

Sentiment for Signet Jewelers LTD (NYSE:SIG)

Signet Jewelers LTD (NYSE:SIG) institutional sentiment decreased to 0.69 in 2016 Q4. Its down -0.07, from 0.76 in 2016Q3. The ratio fall, as 131 active investment managers increased and started new stock positions, while 189 sold and reduced their equity positions in Signet Jewelers LTD. The active investment managers in our partner’s database now hold: 72.73 million shares, down from 73.91 million shares in 2016Q3. Also, the number of active investment managers holding Signet Jewelers LTD in their top 10 stock positions decreased from 9 to 8 for a decrease of 1. Sold All: 47 Reduced: 142 Increased: 75 New Position: 56.

Signet Jewelers Limited is a retailer of diamond jewelry. The company has market cap of $4.06 billion. The Company’s divisions include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda divisions; the UK Jewelry division, and Other. It has a 8.61 P/E ratio. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers , Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

About 883,889 shares traded. Signet Jewelers Ltd. (NYSE:SIG) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Analysts await Signet Jewelers Ltd. (NYSE:SIG) to report earnings on May, 25 before the open. They expect $1.69 EPS, down 13.33 % or $0.26 from last year’s $1.95 per share. SIG’s profit will be $116.62 million for 8.72 P/E if the $1.69 EPS becomes a reality. After $4.03 actual EPS reported by Signet Jewelers Ltd. for the previous quarter, Wall Street now forecasts -58.06 % negative EPS growth.

Abrams Bison Investments Llc holds 38.34% of its portfolio in Signet Jewelers Ltd. for 3.96 million shares. Marcato Capital Management Lp owns 1.01 million shares or 10.97% of their US portfolio. Moreover, Dynamo Internacional Gestao De Recursos Ltda. has 7.23% invested in the company for 573,188 shares. The New York-based Corvex Management Lp has invested 4.73% in the stock. Grand Jean Capital Management Inc, a California-based fund reported 115,095 shares.#img1#

Signet Jewelers Ltd. (NYSE:SIG) Ratings Coverage

Ratings analysis reveals 60% of Signet Jewelers’s analysts are positive. Out of 15 Wall Street analysts rating Signet Jewelers, 9 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $75 while the high is $9700. The stock’s average target of $114.90 is 94.88% above today’s ($58.96) share price. SIG was included in 35 notes of analysts from July 28, 2015. The firm has “Outperform” rating by Wells Fargo given on Thursday, October 22. As per Thursday, September 10, the company rating was initiated by RBC Capital Markets. The firm has “Market Perform” rating given on Tuesday, September 13 by Cowen & Co. RBC Capital Markets maintained the shares of SIG in report on Wednesday, February 3 with “Outperform” rating. The firm earned “Buy” rating on Wednesday, August 26 by Zacks. Deutsche Bank maintained Signet Jewelers Ltd. (NYSE:SIG) on Tuesday, August 23 with “Buy” rating. The rating was initiated by Johnson Rice with “Buy” on Monday, November 9. The stock of Signet Jewelers Ltd. (NYSE:SIG) earned “Outperform” rating by RBC Capital Markets on Tuesday, June 28. The company was upgraded on Wednesday, August 19 by BNP Paribas. The rating was maintained by Buckingham Research with “Buy” on Friday, August 28.

More notable recent Signet Jewelers Ltd. (NYSE:SIG) news were published by: Seekingalpha.com which released: “Here’s Why Signet Jewelers Looks Attractive” on May 18, 2017, also Seekingalpha.com with their article: “Signet Jewelers: An Unfairly Beaten Down Gem” published on April 21, 2017, Seekingalpha.com published: “Signet Jewelers Stock Is On Sale” on May 03, 2017. More interesting news about Signet Jewelers Ltd. (NYSE:SIG) were released by: Nasdaq.com and their article: “Signet Jewelers Limited (SIG) Ex-Dividend Date Scheduled for April 26, 2017” published on April 25, 2017 as well as Prnewswire.com‘s news article titled: “DEADLINE UPDATE: Khang & Khang LLP Announces Securities Class Action Lawsuit …” with publication date: May 15, 2017.

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