BidaskClub upgraded shares of Signet Jewelers Limited (NYSE:SIG) from a sell rating to a hold rating in a report issued on Monday, July 31st.
SIG has been the topic of a number of other research reports. Bank of America Corporation restated a buy rating and issued a $75.00 target price (down previously from $90.00) on shares of Signet Jewelers Limited in a research note on Sunday, May 28th. Telsey Advisory Group cut their target price on shares of Signet Jewelers Limited from $75.00 to $58.00 and set a market perform rating on the stock in a research note on Friday, May 26th. Royal Bank Of Canada set a $63.00 target price on shares of Signet Jewelers Limited and gave the company a buy rating in a research note on Friday, May 26th. Cowen and Company restated a market perform rating and issued a $54.00 target price on shares of Signet Jewelers Limited in a research note on Friday, June 9th. Finally, ValuEngine lowered shares of Signet Jewelers Limited from a buy rating to a hold rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $77.35.
Shares of Signet Jewelers Limited (NYSE:SIG) opened at 53.59 on Monday. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46. The firm has a market capitalization of $3.67 billion, a PE ratio of 8.51 and a beta of 1.00. The firm has a 50-day moving average price of $59.46 and a 200-day moving average price of $63.68.
Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.46 billion. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.95 EPS. On average, analysts forecast that Signet Jewelers Limited will post $6.68 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, July 28th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, July 26th. Signet Jewelers Limited’s payout ratio is 19.97%.
In other Signet Jewelers Limited news, Director H. Todd Stitzer bought 2,090 shares of Signet Jewelers Limited stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average cost of $47.91 per share, for a total transaction of $100,131.90. Following the completion of the acquisition, the director now owns 16,823 shares of the company’s stock, valued at approximately $805,989.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.52% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in shares of Signet Jewelers Limited by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,060 shares of the company’s stock worth $446,000 after buying an additional 19 shares during the last quarter. Meeder Asset Management Inc. raised its position in Signet Jewelers Limited by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock worth $525,000 after buying an additional 46 shares in the last quarter. M&T Bank Corp raised its position in Signet Jewelers Limited by 0.8% in the second quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock worth $452,000 after buying an additional 59 shares in the last quarter. Nordea Investment Management AB raised its position in Signet Jewelers Limited by 2.5% in the first quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock worth $187,000 after buying an additional 65 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position 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 worth $101,000 after buying an additional 85 shares in the last quarter.
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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