Analysts Set Signet Jewelers Limited (NYSE:SIG) Target Price at $95.20

Signet Jewelers Limited (NYSE:SIG) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $95.20.

A number of research firms have weighed in on SIG. Bank of America reduced their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their target price on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Telsey Advisory Group reduced their price target on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th.

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Signet Jewelers by 36.3% in the 4th quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock worth $10,704,000 after purchasing an additional 35,174 shares during the period. Blueshift Asset Management LLC bought a new position in shares of Signet Jewelers during the third quarter worth $2,853,000. Versor Investments LP bought a new position in shares of Signet Jewelers during the third quarter worth $977,000. DF Dent & Co. Inc. bought a new stake in Signet Jewelers in the 3rd quarter valued at $1,547,000. Finally, Meritage Portfolio Management purchased a new stake in Signet Jewelers in the 4th quarter worth $648,000.

Signet Jewelers Trading Up 2.8 %

NYSE SIG opened at $54.28 on Friday. The stock’s 50-day simple moving average is $72.42 and its two-hundred day simple moving average is $83.96. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. Signet Jewelers has a twelve month low of $52.09 and a twelve month high of $112.06. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 3.47 and a beta of 2.11.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. Signet Jewelers’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. Research analysts forecast that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a yield of 2.14%. Signet Jewelers’s dividend payout ratio is currently 13.35%.

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.