Signet Jewelers Ltd. (NYSE:SIG) has earned an average recommendation of “Buy” from the nineteen ratings firms that are covering the company. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $108.62.
Several brokerages have issued reports on SIG. Telsey Advisory Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Sunday, May 29th. Zacks Investment Research lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. Exane BNP Paribas lowered shares of Signet Jewelers from an “outperform” rating to a “neutral” rating in a research note on Friday, September 9th. Citigroup Inc. lowered shares of Signet Jewelers from a “buy” rating to a “neutral” rating and lowered their price target for the company from $125.00 to $83.00 in a research note on Friday, August 26th. Finally, Goldman Sachs Group Inc. lowered shares of Signet Jewelers from a “buy” rating to a “neutral” rating and lowered their price target for the company from $192.00 to $119.00 in a research note on Friday, May 27th.
In other news, Director Helen Mccluskey purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, July 19th. The stock was bought at an average price of $89.91 per share, with a total value of $89,910.00. Following the acquisition, the director now owns 6,197 shares in the company, valued at approximately $557,172.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas G. Plaskett purchased 300 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were purchased at an average cost of $88.88 per share, with a total value of $26,664.00. Following the acquisition, the director now owns 16,407 shares in the company, valued at approximately $1,458,254.16. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Nicholas Co. Inc. WI increased its stake in shares of Signet Jewelers by 885.3% in the second quarter. Nicholas Co. Inc. WI now owns 1,082,895 shares of the company’s stock worth $89,241,000 after buying an additional 972,995 shares during the period. Farallon Capital Management LLC increased its stake in shares of Signet Jewelers by 47.0% in the second quarter. Farallon Capital Management LLC now owns 2,812,471 shares of the company’s stock worth $231,776,000 after buying an additional 899,618 shares during the period. Norges Bank purchased a new stake in shares of Signet Jewelers during the fourth quarter worth $81,240,000. Point72 Asset Management L.P. increased its stake in shares of Signet Jewelers by 154.4% in the second quarter. Point72 Asset Management L.P. now owns 1,063,000 shares of the company’s stock worth $87,602,000 after buying an additional 645,100 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Signet Jewelers by 6,001.0% in the second quarter. Canada Pension Plan Investment Board now owns 640,600 shares of the company’s stock worth $52,792,000 after buying an additional 630,100 shares during the period. 95.28% of the stock is owned by institutional investors.
Shares of Signet Jewelers (NYSE:SIG) opened at 77.77 on Wednesday. Signet Jewelers has a 1-year low of $76.10 and a 1-year high of $152.27. The company has a market cap of $5.88 billion, a PE ratio of 11.85 and a beta of 1.48. The company has a 50 day moving average of $86.21 and a 200 day moving average of $98.30.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts expect that Signet Jewelers will post $7.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Wednesday, October 26th. Signet Jewelers’s dividend payout ratio is currently 15.90%.
About Signet Jewelers
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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