BidaskScore Has Just Given Signet Jewelers (NYSE:SIG) a Lower Rating. Are Other Analysts Next?

Signet Jewelers Limited (NYSE:SIG) Logo

Investors sentiment increased to 0.82 in Q4 2018. Its up 0.08, from 0.74 in 2018Q3. It is positive, as 45 investors sold Signet Jewelers Limited shares while 75 reduced holdings. 35 funds opened positions while 63 raised stakes. 49.13 million shares or 3.74% less from 51.03 million shares in 2018Q3 were reported.

7,953 were accumulated by Citigroup. State Of New Jersey Common Pension Fund D holds 0.08% or 600,000 shares in its portfolio. Wells Fargo Mn holds 0% of its portfolio in Signet Jewelers Limited (NYSE:SIG) for 134,461 shares. Cwm Ltd Liability Company owns 28 shares. The New York-based Amalgamated State Bank has invested 0.01% in Signet Jewelers Limited (NYSE:SIG). State Board Of Administration Of Florida Retirement reported 0% stake. Pnc Finance Serv Grp Inc has invested 0% in Signet Jewelers Limited (NYSE:SIG). Amp Limited holds 32,596 shares or 0.01% of its portfolio. Birch Run Capital Advsr Limited Partnership owns 84,000 shares. Great West Life Assurance Can has 33,787 shares for 0% of their portfolio. The United Kingdom-based Legal General Gru Public Limited Company has invested 0% in Signet Jewelers Limited (NYSE:SIG). Prudential Financial reported 521,039 shares or 0.03% of all its holdings. Sterling Management Limited Liability Corporation has invested 0.01% of its portfolio in Signet Jewelers Limited (NYSE:SIG). American Int Grp Inc Incorporated, a New York-based fund reported 153,408 shares. Alliancebernstein Lp has invested 0.08% in Signet Jewelers Limited (NYSE:SIG).

Signet Jewelers (NYSE:SIG) Receives a Downgrade

Signet Jewelers (NYSE:SIG) shares have just seen their rating lowered by equity analysts at BidaskScore to a ‘”Sell”‘ in analysts note sent to clients and investors on 17 May.

Signet Jewelers Limited (NYSE:SIG) Ratings Coverage

Among 3 analysts covering Signet Jewelers (NYSE:SIG), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Signet Jewelers has $42 highest and $38 lowest target. $40’s average target is 100.10% above currents $19.99 stock price. Signet Jewelers had 5 analyst reports since December 10, 2018 according to SRatingsIntel. The firm earned “Market Perform” rating on Wednesday, January 2 by Wells Fargo. The rating was downgraded by Citigroup on Friday, January 18 to “Sell”. The stock has “Neutral” rating by Nomura on Monday, December 10.

The stock decreased 1.67% or $0.34 during the last trading session, reaching $19.99. About 1.15M shares traded. Signet Jewelers Limited (NYSE:SIG) has declined 46.65% since May 18, 2018 and is downtrending. It has underperformed by 51.02% the S&P500.

Analysts await Signet Jewelers Limited (NYSE:SIG) to report earnings on June, 6 before the open. They expect $-0.22 EPS, down 320.00 % or $0.32 from last year’s $0.1 per share. After $3.96 actual EPS reported by Signet Jewelers Limited for the previous quarter, Wall Street now forecasts -105.56 % negative EPS growth.

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company has market cap of $1.04 billion. The Company’s Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall regional brands. It currently has negative earnings. As of January 28, 2017, this division operated 1,588 stores.

More notable recent Signet Jewelers Limited (NYSE:SIG) news were published by: Seekingalpha.com which released: “At Under $25, Signet Jewelers Is A Very Interesting Stock – Seeking Alpha” on January 17, 2019, also Seekingalpha.com with their article: “Stocks To Watch: Automakers, Macau Names And CinemaCon Action – Seeking Alpha” published on March 30, 2019, Seekingalpha.com published: “Signet Jewelers: 1/2 Price Diamonds At 7.8x Adjusted P/E – Seeking Alpha” on December 14, 2018. More interesting news about Signet Jewelers Limited (NYSE:SIG) were released by: Seekingalpha.com and their article: “Signet +6% after earnings beat – Seeking Alpha” published on April 03, 2019 as well as Benzinga.com‘s news article titled: “NYT Publishes Accounts Of Sexual Harassment At Signet Jewelers (NYSE:SIG); Company Says Story Unfair – Benzinga” with publication date: April 23, 2019.

Signet Jewelers Limited (NYSE:SIG) Ratings Chart

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