Signet Jewelers Limited Receives a Hold from Wells Fargo

In a report released yesterday, Ike Boruchow from Wells Fargo maintained a Hold rating on Signet Jewelers Limited (NYSE: SIG). The company’s shares opened today at $52.52.

According to TipRanks.com, Boruchow is a 3-star analyst with an average return of 2.5% and a 48.0% success rate. Boruchow covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Urban Outfitters, and TJX Companies.

Signet Jewelers Limited has an analyst consensus of Hold, with a price target consensus of $39.14.

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Based on Signet Jewelers Limited’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $497 million. In comparison, last year the company had a net profit of $78.5 million.

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Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following divisions: Sterling Jewelers, Zale and UK Jewelry. The Sterling Jewelers division stores operate in malls and off-mall locations, such as Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry and Jared Vault.