Signet Jewelers Ltd. (SIG) Given New $66.00 Price Target at Citigroup Inc

Mar 10, 2017, 00:32
Signet Jewelers Ltd. (SIG) Given New $66.00 Price Target at Citigroup Inc

Shares of Signet Jewelers (NYSE:SIG) traded down 2.09% during mid-day trading on Friday, hitting $64.58. As the past trend shows, Signet Jewelers Limited's stock price has rallied after earnings in 17 of the last 28 quarters. Signet Jewelers's revenue for the quarter was down 5.2% compared to the same quarter past year.

Zacks Investment Research also rated the stock with a value of 2.

Signet Jewelers Limited (NYSE:SIG) is trading up on a volume of 2.09 million, or 1.24 times its standard daily volume. The 1-year price target of the company is 102.31. The company's quarterly performance represents a passimistic momentum of -29.94 percent, with a decline of -11.42 percent in the stock price over the last one month. The high end of the revenue guidance is $1.56 Billion and the low end is $1.54 Billion.

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For the Current Quarter, the growth estimate for Signet Jewelers Limited is 10.5%, while for the Next Quarter the stock growth estimate is 4.6%.

Signet reported adjusted earnings per share of $4.03 for the holiday quarter, topping a Thomson Reuters estimate calling for $4 a share. The company's a year ago sales total was 2.4 Billion. Finally, Citigroup Inc reaffirmed a "neutral" rating and issued a $90.00 price objective (up previously from $83.00) on shares of Signet Jewelers in a research report on Saturday, November 26th. The firm has a 50-day moving average of $74.09 and a 200 day moving average of $82.61. The stock now has an average rating of Hold and an average price target of $98.60.

Whereas they predicted High and Low Earnings Estimate as $4.05 and $3.97 respectively. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. The 52 week high Signet Jewelers's shares have peaked at is 125.45 whilst the 52 week low for the company's shares is 62.1. Shareholders of record on Friday, January 27th were paid a $0.26 dividend. For the quarter, shares have been noted at -31.01%. The ex-dividend date of this dividend was Wednesday, January 25th. JPMorgan Chase & Co. set a $75.00 price target on shares of Signet Jewelers and gave the company a "hold" rating in a report on Thursday, February 16th. Signet Jewelers's dividend payout ratio (DPR) is now 15.88%. Further, the Washington Post has published an article that approximately 250 former employees of Signet Jewelers, a wholly owned subsidiary of Signet, has claimed in sworn statements that Sterling executives presided over a corporate culture that has fostered rampant sexual harassment and discrimination.