Wells Fargo analyst Ike Boruchow maintained a Buy rating on Signet Jewelers (SIG – Research Report) yesterday and set a price target of $120.00. The company’s shares closed yesterday at $103.18.
Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Gap, Nike, and PVH. According to TipRanks, Boruchow has an average return of -3.3% and a 44.02% success rate on recommended stocks.
Currently, the analyst consensus on Signet Jewelers is a Moderate Buy with an average price target of $106.00, representing a 2.73% upside. In a report released on December 6, Citi also upgraded the stock to a Buy with a $119.00 price target.
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The company has a one-year high of $106.52 and a one-year low of $56.74. Currently, Signet Jewelers has an average volume of 726.9K.
Based on the recent corporate insider activity of 279 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SIG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Signet Jewelers (SIG) Company Description:
Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following business segment: North America, International segment, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks and off-mall locations throughout the U.S. and Canada under national banners including Kay, Zales, Jared and Piercing Pagoda, as well as a variety of mall-based regional banners. The International segment transacts mainly in British pounds, as sales and the majority of operating expenses are incurred in that currency and its results are then translated into U.S. dollars for external reporting purposes. The Other segment consists of all non-reportable operating segments, including activities related to the direct sourcing of rough diamonds, and is aggregated with unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.
Read More on SIG:
- Signet Jewelers CEO Drosos sells 10,000 common shares
- Signet Jewelers CFO Hilson sells $967K in company shares
- AutoZone upgraded, Shopify downgraded: Wall Street’s top analyst calls
- Signet Jewelers price target raised to $90 from $82 at Telsey Advisory
- Signet Jewelers just upgraded at Citi, here’s why
