Shares of Signet Jewelers Ltd. (NYSE:SIG) have been given an average rating of “Buy” by the twenty-one ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $106.73.
SIG has been the topic of a number of recent analyst reports. Johnson Rice cut Signet Jewelers from a “buy” rating to an “accumulate” rating in a research report on Monday, August 29th. Deutsche Bank AG cut their price target on Signet Jewelers from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, August 23rd. Nomura reissued a “buy” rating and set a $104.00 price target on shares of Signet Jewelers in a research note on Monday, August 29th. Vetr lowered Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $91.00 price target on the stock. in a research note on Wednesday, August 31st. Finally, Bank of America Corp. reissued a “buy” rating and set a $110.00 price target on shares of Signet Jewelers in a research note on Tuesday, September 13th.
Shares of Signet Jewelers (NYSE:SIG) traded up 1.01% during mid-day trading on Wednesday, hitting $81.21. The stock had a trading volume of 383,842 shares. The stock’s 50-day moving average is $78.87 and its 200-day moving average is $91.75. Signet Jewelers has a 1-year low of $72.65 and a 1-year high of $152.27. The firm has a market capitalization of $6.14 billion, a PE ratio of 12.38 and a beta of 1.46.
Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, August 25th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by $0.31. Signet Jewelers had a net margin of 7.86% and a return on equity of 18.70%. The business earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue was down .8% on a year-over-year basis. Equities analysts expect that Signet Jewelers will post $7.30 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, October 28th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 26th. This represents a $1.04 annualized dividend and a dividend yield of 1.29%. Signet Jewelers’s dividend payout ratio is 15.90%.
In other news, Director Thomas G. Plaskett acquired 300 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was purchased at an average price of $88.88 per share, for a total transaction of $26,664.00. Following the completion of the acquisition, the director now directly owns 16,407 shares in the company, valued at approximately $1,458,254.16. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.36% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SIG. Pacer Advisors Inc. increased its stake in Signet Jewelers by 6.8% in the second quarter. Pacer Advisors Inc. now owns 1,561 shares of the company’s stock valued at $129,000 after buying an additional 100 shares in the last quarter. MU Investments Co. Ltd. purchased a new stake in Signet Jewelers during the second quarter valued at approximately $148,000. Cleararc Capital Inc. increased its stake in Signet Jewelers by 1.3% in the first quarter. Cleararc Capital Inc. now owns 1,951 shares of the company’s stock valued at $242,000 after buying an additional 25 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Signet Jewelers during the first quarter valued at approximately $242,000. Finally, FNY Managed Accounts LLC purchased a new stake in Signet Jewelers during the second quarter valued at approximately $181,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.
Signet Jewelers Company Profile
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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