The shares of Signet Jewelers Limited (NYSE:SIG) has been pegged with a rating of Market Perform by Telsey Advisory Group in its latest research note that was published on January 18th, 2019. The research company has also assigned a $29 price target. Telsey Advisory Group wasn’t the only research firm that published a report of Signet Jewelers Limited, with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on January 18th, 2019, to Sell the SIG stock. The stock had earned Market Perform rating from Telsey Advisory Group when it published its report on December 7th, 2018. That day the Telsey Advisory Group set price target on the stock to $45. The stock was given Market Perform rating by Telsey Advisory Group in its report released on December 3rd, 2018, the day when the price target on the stock was placed at $60. Citigroup was of a view that SIG is Neutral in its latest report on October 26th, 2018. Citigroup thinks that SIG is worth Sell rating. This was contained in the firm’s report on September 4th, 2018.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $26.50. The price of the stock the last time has dropped by -1.78% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 31.94.
The shares of the company dipped by -2.77% during the trading session on Friday, reaching a low of $23.06 while ending the day at $23.19. During the trading session, a total of 2.95 million shares were traded which represents a -51.99% decline from the average session volume which is 1.94M shares. SIG had ended its last session trading at 23.85. Signet Jewelers Limited currently has a market cap of $1.27B while its P/E earnings growth sits at 0.20, with a beta of 1.03. Signet Jewelers Limited debt-to-equity ratio currently stands at 0.61, while its quick ratio hovers at 0.50. SIG 52-week low price stands at $23.61 while its 52-week high price is $71.07.
The company in its last quarterly report recorded $3.96 earnings per share which is above the $3.82 predicted by most analysts. The Signet Jewelers Limited generated $2,154.70 million in revenue during the last quarter, which is slightly higher than the $2,143.82 million predicted by analysts. In the second quarter last year, the firm recorded -$1.06 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 126.77%. Signet Jewelers Limited has the potential to record -6.84 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on October 30th, 2017 where it informed investors and clients that Office Depot, Inc. (NASDAQ:ODP) is now rated as Underweight. Citigroup also rated ODP as Downgrade on January 18th, 2019, with its price target of suggesting that ODP could surge by 32.17% from its current share price. Even though the stock has been trading at $2.62/share, analysts expect it to surge higher by -3.44% to reach $3.73/share. It started the day trading at $2.66 and traded between $2.53 and $2.53 throughout the trading session.
A look at its technical shows that ODP’s 50-day SMA is 3.29 while its 200-day SMA stands at 3.01. The stock has a high of $3.82 for the year while the low is $2.00. The company’s P/E ratio currently sits at 14.62, while the P/B ratio is 0.65. At the moment, only of Office Depot, Inc. shares were sold short. The company’s average trading volume currently stands at 6.20M shares, which means that the short-interest ratio is just 1.98 days. Over the past seven days, the company moved, with its shift of -6.99%. Looking further, the stock has dropped -13.95% over the past 90 days while it lost -12.15% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more ODP shares, increasing its portfolio by +0.42% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 310,511 shares in the last quarter, thus it now holds 74,398,596 shares of ODP, with a total valuation of $270,066,903. Dimensional Fund Advisors LP meanwhile bought more ODP shares in the recently filed quarter, changing its stake to $169,637,726 worth of shares. The Vanguard Group Inc followed the path by decreasing its ODP portfolio by -18.72% in the quarter. This means that The Vanguard Group Inc sold -10,349,977 shares in the last quarter and now controls 44,948,338 shares of the ODP stock, with the valuation hitting $163,162,467.
Similarly, Fairpointe Capital LLC decreased its Office Depot, Inc. shares by -1.81% during the recently filed quarter. After selling -510,907 shares in the last quarter, the firm now controls 27,676,701 shares of Office Depot, Inc. which are valued at $100,466,425. In the same vein, LSV Asset Management increased its Office Depot, Inc. shares by during the most recent reported quarter. The firm bought 6,442,475 shares during the quarter which increased its stakes to 22,481,392 shares and is now valued at $81,607,453. Following these latest developments, around 1.30% of Office Depot, Inc. stocks are owned by institutional investors and hedge funds.