Credit Agricole SA Research Analysts Lower Earnings Estimates for Signet Jewelers Ltd. (SIG)
Signet Jewelers Ltd. (NYSE:SIG) – Analysts at Credit Agricole SA decreased their FY2017 EPS estimates for shares of Signet Jewelers in a research note issued to investors on Tuesday. Credit Agricole SA analyst R. Patel now anticipates that the firm will post earnings per share of $7.20 for the year, down from their prior forecast of $7.23. Credit Agricole SA has a “Outperform” rating and a $87.00 price target on the stock. Credit Agricole SA also issued estimates for Signet Jewelers’ FY2018 earnings at $8.18 EPS and FY2019 earnings at $9.11 EPS.
Several other equities research analysts have also commented on SIG. Vetr lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research note on Monday, November 7th. Bank of America Corp. reaffirmed a “buy” rating and issued a $110.00 target price on shares of Signet Jewelers in a report on Tuesday, September 13th. Royal Bank Of Canada decreased their target price on shares of Signet Jewelers from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, August 26th. Telsey Advisory Group decreased their target price on shares of Signet Jewelers from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, August 26th. Finally, JPMorgan Chase & Co. cut shares of Signet Jewelers from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $136.00 to $90.00 in a report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $107.25.
Signet Jewelers (NYSE:SIG) opened at 92.12 on Thursday. The company has a 50-day moving average of $82.16 and a 200 day moving average of $87.48. The company has a market capitalization of $6.96 billion, a P/E ratio of 14.04 and a beta of 1.17. Signet Jewelers has a 12-month low of $72.65 and a 12-month high of $141.98.
Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, August 25th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by $0.31. The business earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $1.28 earnings per share.
Hedge funds have recently bought and sold shares of the company. Exxonmobil Investment Management Inc. TX increased its stake in Signet Jewelers by 4.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 20,192 shares of the company’s stock worth $1,664,000 after buying an additional 828 shares in the last quarter. BlueMountain Capital Management LLC increased its stake in Signet Jewelers by 80.3% in the first quarter. BlueMountain Capital Management LLC now owns 6,588 shares of the company’s stock worth $817,000 after buying an additional 2,935 shares in the last quarter. Logan Capital Management Inc. increased its stake in Signet Jewelers by 13.4% in the first quarter. Logan Capital Management Inc. now owns 12,710 shares of the company’s stock worth $1,576,000 after buying an additional 1,500 shares in the last quarter. Abrams Bison Investments LLC increased its stake in Signet Jewelers by 41.0% in the first quarter. Abrams Bison Investments LLC now owns 1,247,607 shares of the company’s stock worth $154,741,000 after buying an additional 362,607 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Signet Jewelers during the first quarter worth approximately $4,379,000.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, October 28th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, October 26th. Signet Jewelers’s dividend payout ratio is presently 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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