Trading volume for Signet Jewelers Ltd was 18,587K in the last trading session. Volume was up 613.90% over the stocks average daily volume.
Investors are more bullish on Signet Jewelers Ltd as indicated by the fall in short interest. The company experienced a fall in short interest of -2.61% between September 29, 2017 and October 13, 2017. Short interest fell from 13,864,085 to 13,502,345 over that period. With short interest at 13,502,345 and short average daily volume at 1,120,566, the short-interest ratio is 12.0 and the percentage of shorted shares was 0.22% on October 13.
The following firms have recently changed their position in SIG. As of the end of the quarter Clearbridge, LLC had disposed of a total of 27,360 shares trimming its position 4.5%. The value in dollars went from $38,255,000 to $38,436,000 a change of $181,000 quarter to quarter. As of quarter end Melvin Capital Management LP had bought 1,656,700 shares growing its holdings by 183.0%. The value of the investment in SIG increased from $57,264,000 to $170,514,000 increasing 197.8% for the reporting period.
State Street Corp trimmed its position by shedding 378,559 shares a decrease of 11.2% as of 09/30/2017. State Street Corp owns 2,986,936 shares valued at $198,788,000. The value of the position overall is down by 6.6%. Gsa Capital Partners Llp divested its holdings by selling 856 shares a decrease of 22.0% from 03/31/2017 to 09/30/2017. Gsa Capital Partners Llp currently owns 3,032 shares worth $202,000. The total value of its holdings decreased 24.9%.
August 28 investment analysts at Instinet maintained a stock rating of “Buy” with a current price target of $73.00. On September 12 Cowen and Company left the stock rating at “Market Perform” projecting a price of $67.00.
Needham & Company LLC raised the price target on September 20 boosting the projection from $69.00 to $74.00 with a “Buy” recommendation. On September 29, 2017 Northcoast Research kept a “Neutral” rating on the company.
On October 5 Royal Bank Of Canada held the company rating at “Buy” targeting a price of $66.00. Equity analyst Susquehanna Bancshares updated its forecast on SIG giving it an initial rating of “Neutral”.
The company is so far trading down since yesterday’s close of 52.79. The most current P/E ratio is 8.55 and market capitalization is 3.19B. As of the latest earnings report the EPS was $6.16 with 60.40M shares now outstanding.
Signet Jewelers Limited, launched on June 25, 2008, is a retailer of diamond jewelry. As of January 28, 2017, the Company had 3,682 stores and kiosks. The Business’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States in malls and off-mall locations principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault. The Zale division operates jewelry stores (Zale Jewelry) and kiosks (Piercing Pagoda), located primarily in shopping malls throughout the United States, Canada and Puerto Rico. Zale Jewelry includes the United States store brand, Zales (Zales Jewelers and Zales Outlet), and the Canadian store brand, Peoples Jewellers. Piercing Pagoda operates through mall-based kiosks. The UK Jewelry division operates stores in the United Kingdom, Republic of Ireland and Channel Islands, principally as H.Samuel and Ernest Jones. The Other segment includes the operations of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones..Advertisement