Signet Jewelers Ltd. (SIG) Given Average Recommendation of “Buy” by Analysts
Signet Jewelers Ltd. (NYSE:SIG) has received a consensus recommendation of “Buy” from the twenty-one research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $106.73.
Several research analysts have recently weighed in on SIG shares. Deutsche Bank AG dropped their target price on shares of Signet Jewelers from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, August 23rd. RBC Capital Markets restated an “outperform” rating and set a $100.00 price target (down from $120.00) on shares of Signet Jewelers in a report on Sunday, August 28th. Zacks Investment Research cut shares of Signet Jewelers from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. Credit Agricole SA initiated coverage on shares of Signet Jewelers in a report on Wednesday, September 28th. They set an “outperform” rating and a $87.00 price target for the company. Finally, Cowen and Company restated an “outperform” rating and set a $130.00 price target on shares of Signet Jewelers in a report on Thursday, July 28th.
In related news, Director Thomas G. Plaskett bought 300 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were acquired at an average price of $88.88 per share, with a total value of $26,664.00. Following the completion of the transaction, the director now owns 16,407 shares of the company’s stock, valued at approximately $1,458,254.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.36% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SIG. HBK Investments L P raised its position in shares of Signet Jewelers by 182.3% in the first quarter. HBK Investments L P now owns 26,512 shares of the company’s stock worth $3,288,000 after buying an additional 17,120 shares during the period. Hancock Holding Co. bought a new position in shares of Signet Jewelers during the first quarter worth about $760,000. Wellington Management Group LLP raised its position in shares of Signet Jewelers by 19.4% in the first quarter. Wellington Management Group LLP now owns 3,565,363 shares of the company’s stock worth $442,212,000 after buying an additional 580,532 shares during the period. Contrarian Capital Management L.L.C. raised its position in shares of Signet Jewelers by 35.1% in the first quarter. Contrarian Capital Management L.L.C. now owns 20,258 shares of the company’s stock worth $2,513,000 after buying an additional 5,258 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Signet Jewelers by 4.5% in the first quarter. Geode Capital Management LLC now owns 643,485 shares of the company’s stock worth $79,649,000 after buying an additional 27,817 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.
Signet Jewelers (NYSE:SIG) traded up 1.01% during midday trading on Wednesday, reaching $81.21. 383,842 shares of the company were exchanged. Signet Jewelers has a one year low of $72.65 and a one year high of $152.27. The firm’s 50-day moving average is $78.87 and its 200-day moving average is $91.75. The firm has a market cap of $6.14 billion, a P/E ratio of 12.38 and a beta of 1.46.
Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, August 25th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.45 by $0.31. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The business’s revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $1.28 earnings per share. On average, equities analysts expect that Signet Jewelers will post $7.30 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Friday, October 28th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, October 26th. Signet Jewelers’s dividend payout ratio (DPR) is currently 15.90%.
Signet Jewelers Company Profile
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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