Signet Jewelers (NYSE:SIG) Issues Earnings Results, Beats Expectations By $0.38 EPS

Signet Jewelers (NYSE:SIG) announced its quarterly earnings results on Thursday. The company reported $6.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.38, Briefing.com reports. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.During the same period in the prior year, the company posted $6.62 earnings per share. The company’s revenue was down .3% compared to the same quarter last year.

Signet Jewelers Stock Performance

NYSE:SIG opened at $78.85 on Thursday. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. Signet Jewelers has a one year low of $49.99 and a one year high of $110.20. The business’s 50-day simple moving average is $91.88 and its 200 day simple moving average is $93.43.

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in shares of Signet Jewelers in the 4th quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after buying an additional 333 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after buying an additional 428 shares during the last quarter. State of Wyoming acquired a new stake in Signet Jewelers in the second quarter valued at $69,000. Finally, Transamerica Financial Advisors LLC raised its holdings in Signet Jewelers by 2,084.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,420 shares of the company’s stock valued at $118,000 after acquiring an additional 1,355 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Jefferies Financial Group reissued a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a research note on Tuesday, March 10th. Finally, Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.