The stock of Signet Jewelers Ltd. (NYSE:SIG) is a huge mover today! About 451,085 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.
The move comes after 8 months positive chart setup for the $6.90B company. It was reported on Nov, 29 by Barchart.com. We have $96.69 PT which if reached, will make NYSE:SIG worth $345.00 million 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. On Monday, August 29 the stock rating was downgraded by Johnson Rice to “Accumulate”. The firm earned “Buy” rating on Monday, November 9 by Johnson Rice. The stock of Signet Jewelers Ltd. (NYSE:SIG) earned “Buy” rating by Goldman Sachs on Monday, March 28. The stock has “Neutral” rating given by JP Morgan on Tuesday, August 30. The rating was maintained by Telsey Advisory Group on Friday, August 26 with “Outperform”. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, May 27. The stock has “Outperform” rating given by Telsey Advisory Group on Friday, August 28. The rating was maintained by RBC Capital Markets on Wednesday, February 3 with “Outperform”. The rating was upgraded by UBS on Friday, August 21 to “Buy”. The stock has “Neutral” rating given by Citigroup on Friday, August 26.
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 0.76 in 2016 Q2. Its down 0.21, from 0.97 in 2016Q1. The ratio is negative, 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.
Stifel Corporation accumulated 14,070 shares or 0.01% of the stock. Arizona State Retirement Systems holds 0.02% or 19,100 shares in its portfolio. The Massachusetts-based Adage Ptnrs Grp Inc Ltd Liability Corp has invested 0.03% in Signet Jewelers Ltd. (NYSE:SIG). Mycio Wealth Partners Limited Company has 0% invested in the company for 10 shares. Advantus Capital holds 0.02% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG) for 7,482 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt last reported 6,246 shares in the company. Prudential Public Ltd Co has 115,970 shares for 0.04% of their US portfolio. Bancorp Of America De last reported 675,764 shares in the company. Marcato Capital Mngmt Lp holds 9.1% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG) for 1.36 million shares. Andra Ap reported 21,600 shares or 0.05% of all its holdings. Nationwide Fund Advsr has 22,226 shares for 0.01% of their US portfolio. The New York-based Timessquare Ltd has invested 0.27% in Signet Jewelers Ltd. (NYSE:SIG). Huntington Commercial Bank holds 292 shares or 0% of its portfolio. Fjarde Ap last reported 0.03% of its portfolio in the stock. The Maryland-based Chesapeake Prtnrs Management Md has invested 1.23% in Signet Jewelers Ltd. (NYSE:SIG).
Insider Transactions: Since June 7, 2016, the stock had 16 insider buys, and 0 sales for $1.35 million net activity. PLASKETT THOMAS G bought $26,664 worth of Signet Jewelers Ltd. (NYSE:SIG) on Friday, July 22. On Tuesday, June 7 Stitzer H. Todd bought $300,150 worth of the stock or 3,480 shares. 850 shares were bought by Brenner Philip Joseph, worth $73,092. The insider Dennison Judith Lynn bought 500 shares worth $41,177. McCluskey Helen bought 5 shares worth $453. $249,779 worth of Signet Jewelers Ltd. (NYSE:SIG) was bought by LIGHT MARK on Tuesday, June 7. Hrabak Edward also bought $35,300 worth of Signet Jewelers Ltd. (NYSE:SIG) shares.
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.
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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