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Wells Fargo Remains a Hold on Signet Jewelers (SIG)

Tipranks - Tipranks - Sat Mar 21, 6:30AM CDT

In a report released today, Ike Boruchow from Wells Fargo maintained a Hold rating on Signet Jewelers, with a price target of $100.00.

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According to TipRanks, Boruchow is an analyst with an average return of -0.2% and a 44.24% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Ross Stores, Ulta Beauty, and Signet Jewelers.

In addition to Wells Fargo, Signet Jewelers also received a Hold from Telsey Advisory’s Dana Telsey in a report issued yesterday. 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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