Cowen and Company downgraded shares of Signet Jewelers Ltd. (NYSE:SIG) from an outperform rating to a market perform rating in a research report report published on Tuesday. Cowen and Company currently has $85.00 price objective on the stock, down from their previous price objective of $96.00.
Several other research analysts have also recently weighed in on the stock. Deutsche Bank AG dropped their price objective on shares of Signet Jewelers from $150.00 to $140.00 and set a buy rating for the company in a research report on Tuesday, August 23rd. Zacks Investment Research cut shares of Signet Jewelers from a hold rating to a sell rating in a research report on Wednesday, August 10th. RBC Capital Markets restated an outperform rating and issued a $100.00 price objective (down previously from $120.00) on shares of Signet Jewelers in a research report on Sunday, August 28th. BNP Paribas cut shares of Signet Jewelers from an outperform rating to a neutral rating in a research report on Thursday, September 8th. Finally, Wells Fargo & Co. restated an outperform rating and issued a $113.00 price objective on shares of Signet Jewelers in a research report on Saturday, June 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $108.93.
Shares of Signet Jewelers (NYSE:SIG) opened at 77.77 on Tuesday. The stock has a 50 day moving average price of $86.21 and a 200 day moving average price of $98.30. Signet Jewelers has a 12 month low of $76.10 and a 12 month high of $152.27. The firm has a market cap of $5.88 billion, a PE ratio of 11.85 and a beta of 1.48.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, August 25th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.45 by $0.31. The business earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. On average, equities research analysts expect that Signet Jewelers will post $7.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Friday, October 28th will be paid 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 payout ratio is presently 15.90%.
In other Signet Jewelers news, Director Helen Mccluskey acquired 1,000 shares of Signet Jewelers stock in a transaction dated Tuesday, July 19th. The stock was bought at an average cost of $89.91 per share, for a total transaction of $89,910.00. Following the purchase, the director now directly owns 6,197 shares in the company, valued at approximately $557,172.27. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Uta Werner acquired 400 shares of Signet Jewelers stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average price of $84.46 per share, with a total value of $33,784.00. Following the completion of the purchase, the insider now owns 1,750 shares in the company, valued at $147,805. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Ngam Advisors L.P. increased its position in Signet Jewelers by 3.3% in the first quarter. Ngam Advisors L.P. now owns 45,028 shares of the company’s stock worth $5,585,000 after buying an additional 1,439 shares in the last quarter. Morris Capital Advisors LLC acquired a new position in Signet Jewelers during the first quarter worth approximately $506,000. Ironwood Financial llc acquired a new position in Signet Jewelers during the first quarter worth approximately $2,211,000. Pacad Investment Ltd. acquired a new position in Signet Jewelers during the first quarter worth approximately $881,000. Finally, Icon Advisers Inc. Co. increased its position in Signet Jewelers by 22.9% in the first quarter. Icon Advisers Inc. Co. now owns 64,300 shares of the company’s stock worth $7,975,000 after buying an additional 12,000 shares in the last quarter. 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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