Signet Jewelers Limited (SIG): Price Target and June Short Interest Disclosure

Signet Jewelers Limited (SIG) : The consensus price target for Signet Jewelers Limited (SIG) is $138.33 for the short term with a standard deviation of $19.55. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $180, however, the pessimist price target for the company is $115.

Signet Jewelers Limited (SIG), A rise of 435,617 shares or 5.6% was seen in the short interest of Signet Jewlers Limited. Even as the interest increased from 7,744,122 shares on June 15,2016 to 8,179,739 shares on June 30,2016, the days to cover came in at 4. The updated interest stood at 10.5% of the stocks floats. The stock has seen an average daily volume of 2,178,688 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Nomura maintains its rating on Signet Jewelers Limited (NYSE:SIG). As per the latest information, the brokerage house lowers the price target to $148 per share from a prior target of $169. The shares have been rated Buy. The rating by the firm was issued on May 31, 2016.


Signet Jewelers Limited (NYSE:SIG): stock turned positive on Thursday. Though the stock opened at $89.66, the bulls momentum made the stock top out at $91.59 level for the day. The stock recorded a low of $89.24 and closed the trading day at $91.59, in the green by 3.18%. The total traded volume for the day was 2,416,773. The stock had closed at $88.77 in the previous days trading.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Company operated approximately 3,579 stores and kiosks across 4.8 million square feet of retail space.

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