Published: Fri, March 10, 2017
Business | By Sandy Mccarthy

Signet Jewelers Limited (NYSE:SIG) Advances 1.44% in Pre-session Trade

Signet Jewelers Limited (NYSE:SIG) Advances 1.44% in Pre-session Trade

Expected growth of Signet Jewelers Limited (NYSE:SIG) for the next year 5 years is 12 percent (per annum), as compared to 5.78 percent (per annum) in the past 5 years.

Signet Jewelers Limited (NYSE:SIG) shares gained 1.82% to $64.40 on Wednesday. The Monthly and Yearly performances are -17.1 percent and -42.95 percent respectively. Analysts surveyed by FactSet have forecast for earnings of $8.26 and a 1.9% rise in same store sales for fiscal 2018.

Signet Jewelers Limited (NYSE:SIG) is trading up on a volume of 2.09 million, or 1.24 times its standard daily volume.

Over the couple years SIG has established a strong pattern of missing Street earnings views 25% of the time, according to historical earnings data, met predictions on 1 occasions and surpassed estimates 8 times over the last couple years. The rating by the stock financial advisor at Telsey Advisory Group was issued on Mar 1, 2017 in a research report to their Investors and Clients. Wells Fargo & Co set a $103.00 price objective on shares of Signet Jewelers and gave the stock a "buy" rating in a research report on Saturday, November 19th. Weekly performance analysis shows the equity at -0.74%.Covering Sell-Side analysts have offered recommendations and price target estimates on Signet Jewelers Limited (NYSE:SIG). Signet Jewelers has a 12 month low of $62.10 and a 12 month high of $125.45.

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The company had reported the adjusted revenue of $2.27 billion in the fourth quarter 2017, while the same store sales has decreased 4.5% compared to an increase of 4.9% in the fourth quarter Fiscal 2016. Current price levels see the company -2.71% off the 20-day simple moving average. Shareholders of record on Friday, January 27th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.64%.

Many analysts have provided their estimated foresights on Signet Jewelers Limited Earnings, with 14 analysts believing the company would generate an Average Estimate of $4.01. Analysts mean target price for Bristol-Myers Squibb Company (NYSE:BMY) is $55.37 while their mean recommendation is 2.40 (1=Buy, 5=sell).

Signet Jewelers Limited (NYSE:SIG) now has a consensus Price Target of $102.31. SRB Corp now owns 1,654 shares of the company's stock valued at $123,000 after buying an additional 352 shares during the period. The Company's segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.

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