Royal Bank Of Canada Analysts Give Signet Jewelers Limited (SIG) a $66.00 Price Target
A number of other equities research analysts also recently weighed in on SIG. Buckingham Research set a $55.00 price target on shares of Signet Jewelers Limited and gave the company a hold rating in a report on Friday. Telsey Advisory Group upped their price target on shares of Signet Jewelers Limited from $60.00 to $66.00 and gave the company a market perform rating in a report on Friday. Needham & Company LLC set a $69.00 price target on shares of Signet Jewelers Limited and gave the company a buy rating in a report on Friday. Zacks Investment Research raised shares of Signet Jewelers Limited from a sell rating to a hold rating in a report on Tuesday, August 1st. Finally, Wells Fargo & Company restated an outperform rating and set a $75.00 price objective (up previously from $70.00) on shares of Signet Jewelers Limited in a report on Thursday, August 24th. 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 has an average rating of Hold and a consensus price target of $72.81.
Shares of Signet Jewelers Limited (NYSE: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 1-year low of $46.09 and a 1-year high of $101.46. The stock has a market cap of $3.78 billion, a PE ratio of 9.44 and a beta of 1.00.
Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company earned $1.14 EPS. Signet Jewelers Limited’s revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Signet Jewelers Limited will post $6.72 EPS for the current fiscal year.
The business also recently announced 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 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 Signet Jewelers Limited news, Director H. Todd Stitzer acquired 2,090 shares of Signet Jewelers Limited stock in a transaction dated Wednesday, May 31st. The stock was bought at an average cost of $47.91 per share, with a total value of $100,131.90. Following the completion of the transaction, the director now owns 16,823 shares of the company’s stock, valued at $805,989.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Commonwealth Bank of Australia boosted its stake in Signet Jewelers Limited by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after buying an additional 85 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Signet Jewelers Limited during the first quarter valued at $115,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Signet Jewelers Limited during the second quarter valued at $121,000. James Investment Research Inc. acquired a new stake in Signet Jewelers Limited during the first quarter valued at $133,000. Finally, Tower Research Capital LLC TRC boosted its stake in 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 valued at $128,000 after buying an additional 335 shares in 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.
Receive News & Stock Ratings for Signet Jewelers Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers Limited and related stocks with our FREE daily email newsletter.