Needham & Company LLC set a $69.00 target price on Signet Jewelers Limited (NYSE:SIG) in a research note released on Friday morning. The brokerage currently has a buy rating on the stock.

SIG has been the subject of a number of other reports. Cowen and Company reaffirmed a market perform rating and set a $54.00 target price (down from $65.00) on shares of Signet Jewelers Limited in a report on Sunday, May 28th. Bank of America Corporation set a $75.00 target price on shares of Signet Jewelers Limited and gave the company a buy rating in a report on Thursday, June 8th. CL King cut shares of Signet Jewelers Limited from a buy rating to a neutral rating and set a $85.00 target price for the company. in a report on Friday, May 26th. Wells Fargo & Company set a $97.00 target price on shares of Signet Jewelers Limited and gave the company a buy rating in a report on Wednesday, August 23rd. Finally, Buckingham Research cut shares of Signet Jewelers Limited from a buy rating to a neutral rating and reduced their target price for the company from $86.00 to $65.00 in a report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. Signet Jewelers Limited 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. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $101.46. The firm’s 50-day moving average price is $58.58 and its 200-day moving average price is $62.96. The firm has a market cap of $3.78 billion, a P/E ratio of 9.44 and a beta of 1.00.

Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings data 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. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. On average, equities research analysts expect that Signet Jewelers Limited will post $6.72 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.98%. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 19.14%.

In other news, Director H. Todd Stitzer acquired 2,090 shares of Signet Jewelers Limited stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of $47.91 per share, with a total value of $100,131.90. Following the completion of the purchase, the director now directly owns 16,823 shares in the company, valued at approximately $805,989.93. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Tyers Asset Management LLC boosted its position in Signet Jewelers Limited by 800.6% in the first quarter. Tyers Asset Management LLC now owns 42,616 shares of the company’s stock valued at $2,952,000 after buying an additional 37,884 shares during the last quarter. State Treasurer State of Michigan boosted its position in Signet Jewelers Limited by 0.4% in the first quarter. State Treasurer State of Michigan now owns 22,844 shares of the company’s stock valued at $1,582,000 after buying an additional 100 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in Signet Jewelers Limited during the first quarter valued at $4,079,000. Tocqueville Asset Management L.P. bought a new position in Signet Jewelers Limited during the first quarter valued at $361,000. Finally, Grace & White Inc. NY boosted its position in Signet Jewelers Limited by 97.9% in the first quarter. Grace & White Inc. NY now owns 78,020 shares of the company’s stock valued at $5,404,000 after buying an additional 38,600 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.

Analyst Recommendations for Signet Jewelers Limited (NYSE:SIG)

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