Signet Jewelers Limited (NYSE:SIG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Signet Jewelers Limited (NYSE:SIG) have received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $121.20.

A number of research firms have issued reports on SIG. UBS Group raised their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Bank of America reduced their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Wells Fargo & Company lifted their price objective on shares of Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price target on shares of Signet Jewelers in a report on Thursday, June 13th.

Signet Jewelers Price Performance

Shares of SIG stock opened at $89.20 on Friday. The company has a market capitalization of $3.98 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.93 and a beta of 2.12. The company’s 50-day simple moving average is $98.78 and its two-hundred day simple moving average is $99.90. Signet Jewelers has a one year low of $62.68 and a one year high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $1.78 earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis. On average, research analysts expect that Signet Jewelers will post 10.6 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 1.30%. Signet Jewelers’s dividend payout ratio (DPR) is 9.43%.

Insiders Place Their Bets

In other news, CAO Vincent Ciccolini sold 4,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $101.64, for a total value of $406,560.00. Following the completion of the transaction, the chief accounting officer now owns 46,076 shares in the company, valued at approximately $4,683,164.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Vincent Ciccolini sold 4,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $101.64, for a total value of $406,560.00. Following the sale, the chief accounting officer now directly owns 46,076 shares of the company’s stock, valued at approximately $4,683,164.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director H. Todd Stitzer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00. Following the sale, the director now directly owns 56,678 shares in the company, valued at $5,804,393.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,000 shares of company stock worth $2,925,010. 3.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SIG. Dimensional Fund Advisors LP increased its stake in shares of Signet Jewelers by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,323,982 shares of the company’s stock worth $249,272,000 after buying an additional 51,397 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Signet Jewelers by 38.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock valued at $135,445,000 after acquiring an additional 349,771 shares during the last quarter. Eminence Capital LP lifted its holdings in Signet Jewelers by 33.1% in the 4th quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock valued at $81,457,000 after acquiring an additional 189,019 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Signet Jewelers by 38.2% during the first quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after buying an additional 181,207 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Signet Jewelers by 9.2% during the third quarter. American Century Companies Inc. now owns 615,867 shares of the company’s stock valued at $44,225,000 after buying an additional 52,104 shares in the last quarter.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.