Shares of Signet Jewelers Limited (NYSE:SIG) shot up 0% during mid-day trading on Thursday . The company traded as high as $71.24 and last traded at $70.85. 2,530,573 shares were traded during mid-day trading, an increase of 71% from the average session volume of 1,476,064 shares. The stock had previously closed at $70.85.

A number of research firms recently issued reports on SIG. Susquehanna Bancshares Inc began coverage on Signet Jewelers Limited in a research report on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $66.00 target price on shares of Signet Jewelers Limited in a research report on Thursday, October 5th. ValuEngine raised Signet Jewelers Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Northcoast Research reaffirmed a “neutral” rating on shares of Signet Jewelers Limited in a research report on Friday, September 29th. Finally, Needham & Company LLC lifted their target price on Signet Jewelers Limited from $69.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $70.25.

The firm has a market capitalization of $4,068.35, a price-to-earnings ratio of 10.06, a PEG ratio of 1.26 and a beta of 1.03. The company has a quick ratio of 1.14, a current ratio of 2.40 and a debt-to-equity ratio of 0.32.

Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. research analysts anticipate that Signet Jewelers Limited will post 7.14 earnings per share for the current year.

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 issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio is presently 19.14%.

Several large investors have recently modified their holdings of the company. Achmea Investment Management B.V. boosted its holdings in shares of Signet Jewelers Limited by 9.3% during the third quarter. Achmea Investment Management B.V. now owns 12,856 shares of the company’s stock worth $854,000 after acquiring an additional 1,092 shares during the period. Legal & General Group Plc boosted its stake in shares of Signet Jewelers Limited by 3.2% in the third quarter. Legal & General Group Plc now owns 382,381 shares of the company’s stock valued at $25,449,000 after buying an additional 11,830 shares during the period. Hosking Partners LLP boosted its stake in shares of Signet Jewelers Limited by 0.6% in the third quarter. Hosking Partners LLP now owns 119,049 shares of the company’s stock valued at $7,923,000 after buying an additional 712 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Signet Jewelers Limited by 1.5% in the third quarter. Great West Life Assurance Co. Can now owns 48,700 shares of the company’s stock valued at $3,262,000 after buying an additional 734 shares during the period. Finally, ETRADE Capital Management LLC bought a new stake in shares of Signet Jewelers Limited in the third quarter valued at approximately $826,000.

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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.

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