Separately, analysts at Miller Tabak initiated coverage on shares of Signet Jewelers in a research note to investors on Monday, April 30th. They set a “buy” rating and a $57.00 price target on the stock.
Shares of Signet Jewelers opened at 44.25 on Friday. Signet Jewelers has a 52 week low of $30.93 and a 52 week high of $51.44. The company has a market cap of $3.779 billion and a P/E ratio of 11.52.
Signet Jewelers last announced its earnings results on Thursday, May 24th. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.05. Signet Jewelers’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Signet Jewelers will post $0.36 earnings per share next quarter.
Signet Jewelers Limited (Signet), formerly Signet Group plc is a specialty retail jeweler by sales, with stores in the United States, United Kingdom, Republic of Ireland and Channel Islands.