Buckingham Research Analysts Give Signet Jewelers Limited (SIG) a $55.00 Price Target
Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada set a $63.00 target price on shares of Signet Jewelers Limited and gave the company a buy rating in a report on Friday, May 26th. Bank of America Corporation restated a buy rating and issued a $75.00 target price (down previously from $90.00) on shares of Signet Jewelers Limited in a report on Sunday, May 28th. Instinet lowered their target price on shares of Signet Jewelers Limited from $92.00 to $70.00 and set a buy rating for the company in a report on Tuesday, May 30th. Nomura set a $70.00 target price on shares of Signet Jewelers Limited and gave the company a buy rating in a report on Tuesday, July 18th. Finally, Needham & Company LLC initiated coverage on shares of Signet Jewelers Limited in a report on Tuesday, July 18th. They issued a buy rating and a $69.00 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $72.81.
Signet Jewelers Limited (SIG) opened at 62.69 on Friday. The stock’s 50 day moving average is $58.58 and its 200 day moving average is $62.96. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 9.44 and a beta of 1.00.
Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts predict that Signet Jewelers Limited will post $6.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.98%. Signet Jewelers Limited’s payout ratio is currently 19.14%.
In other news, Director H. Todd Stitzer acquired 2,090 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $47.91 per share, for a total transaction of $100,131.90. Following the transaction, the director now owns 16,823 shares in the company, valued at $805,989.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia increased its position in shares of Signet Jewelers Limited by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after buying an additional 85 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Signet Jewelers Limited during the first quarter worth approximately $115,000. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of Signet Jewelers Limited during the second quarter worth approximately $121,000. James Investment Research Inc. purchased a new position in shares of Signet Jewelers Limited during the first quarter worth approximately $133,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Signet Jewelers Limited by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after buying an additional 335 shares during the last quarter.
Signet Jewelers Limited Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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