Signet Jewelers Limited (NYSE:SIG) has earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $77.47.
SIG has been the topic of a number of research analyst reports. Buckingham Research downgraded shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $86.00 to $65.00 in a report on Wednesday, May 24th. Telsey Advisory Group reduced their price target on shares of Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating on the stock in a report on Friday, May 26th. CL King downgraded shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a report on Friday, May 26th. Royal Bank Of Canada set a $63.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 price target (down previously from $65.00) on shares of Signet Jewelers Limited in a report on Sunday, May 28th.
Shares of Signet Jewelers Limited (SIG) traded up 1.55% on Friday, reaching $60.86. 1,046,890 shares of the company were exchanged. The stock has a 50 day moving average of $60.43 and a 200-day moving average of $65.55. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46. The company has a market capitalization of $4.16 billion, a P/E ratio of 9.67 and a beta of 1.00.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, May 25th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 EPS. On average, analysts predict that Signet Jewelers Limited will post $6.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, July 28th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, July 26th. Signet Jewelers Limited’s payout ratio is 19.97%.
In other news, Director H. Todd Stitzer acquired 2,090 shares of Signet Jewelers Limited stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average price of $47.91 per share, with a total value of $100,131.90. Following the completion of the purchase, the director now owns 16,823 shares of the company’s stock, valued at approximately $805,989.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.
Several institutional investors have recently made changes to their positions in SIG. Ameritas Investment Partners Inc. bought a new position in shares of Signet Jewelers Limited during the first quarter valued at approximately $115,000. James Investment Research Inc. bought a new position in shares of Signet Jewelers Limited during the first quarter valued at approximately $133,000. Daiwa Securities Group Inc. raised its position in shares of Signet Jewelers Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock valued at $145,000 after buying an additional 300 shares during the period. FNY Managed Accounts LLC bought a new position in shares of Signet Jewelers Limited during the first quarter valued at approximately $153,000. Finally, Nordea Investment Management AB raised its position in shares of Signet Jewelers Limited by 2.5% in the first quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock valued at $187,000 after buying an additional 65 shares during the period.
About Signet Jewelers Limited
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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