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Telsey Advisory Reaffirms Their Hold Rating on Signet Jewelers (SIG)

Tipranks - Tipranks - Fri Mar 20, 7:50AM CDT

In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on Signet Jewelers, with a price target of $96.00.

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Telsey covers the Consumer Cyclical sector, focusing on stocks such as Gap Inc, Birkenstock Holding plc, and Steven Madden. According to TipRanks, Telsey has an average return of -1.0% and a 37.88% success rate on recommended stocks.

In addition to Telsey Advisory, Signet Jewelers also received a Hold from Wells Fargo’s Ike Boruchow in a report issued on March 10. However, on March 16, UBS assigned a Buy rating to Signet Jewelers (NYSE: SIG).

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Based on Signet Jewelers’ latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $1.39 billion and a net profit of $20 million. In comparison, last year the company earned a revenue of $1.35 billion and had a net profit of $7 million

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