Johnson RIce Downgrades Signet Jewelers Ltd. to Accumulate

Brokerage firm Johnson RIce Downgrades its rating on Signet Jewelers Ltd.(NYSE:SIG). The shares have been rated Accumulate. Previously, the analysts had a Buy rating on the shares. The rating by Johnson RIce was issued on Aug 29, 2016.

In a different note, On Aug 30, 2016, JP Morgan said it Downgrades its rating on Signet Jewelers Ltd.. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, Citigroup said it Downgrades its rating on Signet Jewelers Ltd.. In the research note, the firm Lowers the price-target to $125.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, Cowen & Company said it Maintains its rating on Signet Jewelers Ltd.. In the research note, the firm Lowers the price-target to $130.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 25, 2016, Goldman Sachs said it Maintains its rating on Signet Jewelers Ltd.. In the research note, the firm Lowers the price-target to $119.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 23, 2016, Deutsche Bank said it Maintains its rating on Signet Jewelers Ltd.. In the research note, the firm Lowers the price-target to $150.00 per share. The shares have been rated ‘Buy’ by the firm.

Signet Jewelers Ltd. (SIG) shares turned negative on Thursdays trading session with the shares closing down -1.35 points or -1.65% at a volume of 16,20,013. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $82.23. The peak price level was also seen at $82.23 while the days lowest was $78.86. Finally the shares closed at $80.63. The 52-week high of the shares is $152.27 while the 52-week low is $77. According to the latest information available, the market cap of the company is $6,290 M.

Signet Jewelers Ltd.(SIG) last announced its earnings results on Aug 25, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $1.38B. Analysts had an estimated revenue of $1.44B. Earnings per share were $1.14. Analysts had estimated an EPS of $1.45.

Several Insider Transactions has been reported to the SEC. On Jul 25, 2016, Thomas G Plaskett (director) purchased 300 shares at $88.88 per share price.Also, On Jul 20, 2016, Sebastian Hobbs (Managing Director, UK) purchased 500 shares at $91.72 per share price.On Jul 20, 2016, Helen Mccluskey (director) purchased 1,000 shares at $89.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Signet Jewelers Limited is a retailer of jewelry watches and associated services in the United States Canada and the United Kingdom. The Company manages its business through four segments: 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 and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats including mall-based free-standing strip center and outlet store locations. The Company operated approximately 3579 stores and kiosks across 4.8 million square feet of retail space.

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