Signet Jewelers Limited (NYSE:SIG) Receives $109.60 Consensus PT from Analysts

Signet Jewelers Limited (NYSE:SIG) has earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $95.20.

A number of research firms have recently issued reports on SIG. Bank of America lowered their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday. Telsey Advisory Group lowered their price target on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company decreased their price objective on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday.

Signet Jewelers Price Performance

SIG stock opened at $56.54 on Tuesday. The stock has a market cap of $2.46 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 0.95 and a beta of 2.13. The stock has a 50-day moving average price of $87.24 and a two-hundred day moving average price of $87.61. Signet Jewelers has a 1 year low of $54.44 and a 1 year high of $112.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Equities analysts forecast that Signet Jewelers will post 9.88 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio is currently 13.35%.

Insider Activity

In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the transaction, the insider now directly owns 200,844 shares of the company’s stock, valued at $18,993,817.08. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the completion of the transaction, the director now directly owns 26,085 shares in the company, valued at $2,598,848.55. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new stake in Signet Jewelers during the third quarter worth approximately $25,000. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers during the 2nd quarter worth approximately $51,000. Erste Asset Management GmbH bought a new stake in Signet Jewelers in the 3rd quarter valued at $77,000. CWM LLC grew its holdings in Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after buying an additional 734 shares in the last quarter. Finally, KBC Group NV grew its holdings in Signet Jewelers by 25.5% in the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after buying an additional 263 shares in the last quarter.

Signet Jewelers Company Profile

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.