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

Signet Jewelers Limited (NYSE:SIG) has earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $108.60.

A number of equities analysts have weighed in on SIG shares. Citigroup reiterated a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. Bank of America dropped their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. UBS Group dropped their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company dropped their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, August 27th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday.

Insider Transactions at Signet Jewelers

In other news, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the sale, the chief executive officer now owns 775,345 shares of the company’s stock, valued at $78,829,326.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Elizabeth Finn sold 8,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $86.94, for a total transaction of $695,520.00. Following the sale, the insider now directly owns 54,821 shares in the company, valued at approximately $4,766,137.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,892 shares of company stock valued at $6,536,982. 3.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds have recently bought and sold shares of SIG. TD Asset Management Inc raised its stake in Signet Jewelers by 8.3% during the fourth quarter. TD Asset Management Inc now owns 23,500 shares of the company’s stock valued at $2,521,000 after purchasing an additional 1,800 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Signet Jewelers by 52.3% in the fourth quarter. Allianz Asset Management GmbH now owns 19,445 shares of the company’s stock valued at $2,086,000 after acquiring an additional 6,679 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Signet Jewelers in the fourth quarter valued at $694,000. Eminence Capital LP raised its stake in shares of Signet Jewelers by 33.1% in the fourth 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 period. Finally, Harber Asset Management LLC raised its stake in shares of Signet Jewelers by 30.0% in the fourth quarter. Harber Asset Management LLC now owns 101,126 shares of the company’s stock valued at $10,847,000 after acquiring an additional 23,347 shares during the period.

Signet Jewelers Trading Up 2.9 %

Shares of NYSE SIG opened at $98.07 on Friday. The firm has a 50 day moving average of $84.71 and a 200 day moving average of $92.00. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 1.14 and a beta of 2.10. Signet Jewelers has a 12-month low of $65.12 and a 12-month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. Sell-side analysts predict that Signet Jewelers will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.43%.

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.