Wells Fargo (NYSE:WFC) analyst Ike Boruchow maintained a Buy rating on Signet Jewelers (NYSE:SIG) Limited on Tuesday, setting a price target of $100, which is approximately 12.88% above the present share price of $88.59.
Boruchow expects Signet Jewelers Limited to post earnings per share (EPS) of $4.10 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Hold rating of shares in Signet Jewelers, with an average price target of $93.75.
The analysts price targets range from a high of $100 to a low of $88.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $1.79 billion and a net profit of $224.3 million. The company's market cap is $4.7 billion.
According to TipRanks.com, Wells Fargo analyst Ike Boruchow is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 49.51% success rate.
Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following business segment: North America, International segment, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks and off-mall locations throughout the U.S. and Canada under national banners including Kay, Zales, Jared and Piercing Pagoda, as well as a variety of mall-based regional banners. The International segment transacts mainly in British pounds, as sales and the majority of operating expenses are incurred in that currency and its results are then translated into U.S. dollars for external reporting purposes. The Other segment consists of all non-reportable operating segments, including activities related to the direct sourcing of rough diamonds, and is aggregated with unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.