Royal Bank Of Canada restated their buy rating on shares of Signet Jewelers Limited (NYSE:SIG) in a research note issued to investors on Thursday. The brokerage currently has a $66.00 target price on the stock.

Several other brokerages also recently weighed in on SIG. Needham & Company LLC upped their target price on Signet Jewelers Limited from $69.00 to $74.00 and gave the stock a buy rating in a research report on Wednesday, September 20th. Northcoast Research reiterated a neutral rating on shares of Signet Jewelers Limited in a research note on Friday, September 29th. Cowen and Company reiterated a market perform rating and issued a $67.00 price target (up previously from $61.00) on shares of Signet Jewelers Limited in a research note on Tuesday, September 12th. ValuEngine upgraded Signet Jewelers Limited from a hold rating to a buy rating in a research note on Monday. Finally, Zacks Investment Research upgraded Signet Jewelers Limited from a hold rating to a buy rating and set a $71.00 price target on the stock in a research note on Monday, September 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Signet Jewelers Limited has an average rating of Hold and an average price target of $70.93.

Signet Jewelers Limited (NYSE:SIG) traded down 0.49% during trading on Thursday, reaching $67.32. The company had a trading volume of 970,785 shares. The firm’s 50 day moving average is $63.83 and its 200-day moving average is $62.13. The company has a market capitalization of $4.07 billion, a P/E ratio of 10.14 and a beta of 0.98. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $101.46.

Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts expect that Signet Jewelers Limited will post $7.02 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.14%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Bank of Australia boosted its stake in Signet Jewelers Limited by 5.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after purchasing an additional 85 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Signet Jewelers Limited during the 1st quarter valued at $115,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Signet Jewelers Limited during the 2nd quarter valued at $121,000. Tower Research Capital LLC TRC boosted its stake in Signet Jewelers Limited by 19.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after purchasing an additional 335 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new position in Signet Jewelers Limited during the 1st quarter valued at $153,000.

About Signet Jewelers Limited

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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