Brokerages Set Signet Jewelers Limited (NYSE:SIG) PT at $109.60

Shares of Signet Jewelers Limited (NYSE:SIG) have been given an average rating of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $109.60.

Several research analysts have recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a report on Thursday, December 5th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. UBS Group dropped their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company raised their price target on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Bank of America lowered their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th.

Signet Jewelers Trading Up 2.1 %

Shares of NYSE SIG opened at $81.14 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $94.01 and its two-hundred day moving average price is $89.99. Signet Jewelers has a 52-week low of $72.26 and a 52-week high of $112.06. The stock has a market capitalization of $3.53 billion, a P/E ratio of 9.34, a PEG ratio of 1.04 and a beta of 2.10.

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

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio (DPR) is 13.35%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider Oded Edelman sold 1,398 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $94.53, for a total transaction of $132,152.94. Following the completion of the transaction, the insider now directly owns 32,666 shares of the company’s stock, valued at approximately $3,087,916.98. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the sale, the director now owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,194 shares of company stock worth $4,251,906 in the last three months. 3.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors and hedge funds have recently modified their holdings of SIG. Harbor Capital Advisors Inc. acquired a new position in shares of Signet Jewelers in the third quarter worth about $25,000. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers in the 2nd quarter worth approximately $51,000. Erste Asset Management GmbH purchased a new position in Signet Jewelers during the 3rd quarter worth approximately $77,000. Blue Trust Inc. raised its stake in Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the period. Finally, CWM LLC raised its stake in Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after purchasing an additional 734 shares during the period.

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.