Signet Jewelers Ltd. (SIG) Receives “Outperform” Rating from Wells Fargo & Co.
Wells Fargo & Co. reiterated their outperform rating on shares of Signet Jewelers Ltd. (NYSE:SIG) in a research report sent to investors on Monday morning. They currently have a $102.50 price target on the stock.
Other equities research analysts have also recently issued research reports about the company. Vetr cut Signet Jewelers from a buy rating to a hold rating and set a $86.00 target price on the stock. in a report on Monday, November 7th. Exane BNP Paribas cut Signet Jewelers from an outperform rating to a neutral rating in a report on Friday, September 9th. Citigroup Inc. cut Signet Jewelers from a buy rating to a neutral rating and lowered their target price for the company from $125.00 to $83.00 in a report on Friday, August 26th. Zacks Investment Research cut Signet Jewelers from a hold rating to a sell rating in a report on Wednesday, August 10th. Finally, Cowen and Company reiterated an outperform rating and set a $130.00 target price on shares of Signet Jewelers in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. Signet Jewelers presently has an average rating of Hold and a consensus price target of $106.59.
Shares of Signet Jewelers (NYSE:SIG) opened at 88.88 on Monday. Signet Jewelers has a 52-week low of $72.65 and a 52-week high of $137.80. The firm has a 50-day moving average price of $83.00 and a 200-day moving average price of $86.87. The stock has a market cap of $6.72 billion, a P/E ratio of 13.54 and a beta of 1.17.
Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.10. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The firm earned $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.33 EPS. Signet Jewelers’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts anticipate that Signet Jewelers will post $7.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 26th. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. Signet Jewelers’s dividend payout ratio (DPR) is 15.90%.
A number of large investors have recently added to or reduced their stakes in SIG. Fox Run Management L.L.C. purchased a new stake in Signet Jewelers during the second quarter worth $297,000. Ruane Cunniff & Goldfarb Inc. purchased a new stake in Signet Jewelers during the second quarter worth $251,000. Capstone Asset Management Co. increased its stake in Signet Jewelers by 7.6% in the second quarter. Capstone Asset Management Co. now owns 9,990 shares of the company’s stock worth $823,000 after buying an additional 708 shares during the period. Atria Investments LLC purchased a new stake in Signet Jewelers during the second quarter worth $282,000. Finally, 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 during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.
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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