In a report released today, Ike Boruchow from Wells Fargo maintained a Hold rating on Signet Jewelers Limited (SIG). The company’s shares closed on Friday at $25.41, close to its 52-week low of $24.41.
According to TipRanks.com, Boruchow is a 2-star analyst with an average return of 0.2% and a 44.2% success rate. Boruchow covers the Services sector, focusing on stocks such as Capri Holdings Limited, Ralph Lauren Corp, and Burlington Stores.
Signet Jewelers Limited has an analyst consensus of Hold, with a price target consensus of $34.50, implying a 35.8% upside from current levels. In a report issued on January 18, Nomura also maintained a Hold rating on the stock with a $26 price target.
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Based on Signet Jewelers Limited’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $29.9 million. In comparison, last year the company had a GAAP net loss of $3.9 million.
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Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following business segment: Sterling Jewelers, Zale, UK Jewelry, and Others. The Sterling Jewelers segment operates nationally in malls and off-mall locations. The Zale segment is operates Zale Jewelry and piercing Pagoda.
