Signet Jewelers Limited (NYSE:SIG) Receives Average Rating of “Hold” from Brokerages

Signet Jewelers Limited (NYSE:SIGGet Rating) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $96.00.

SIG has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Signet Jewelers from $140.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Telsey Advisory Group reduced their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a “market perform” rating for the company in a research note on Friday, January 21st. Zacks Investment Research lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research note on Thursday. Citigroup upped their target price on shares of Signet Jewelers from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, March 18th. Finally, StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Saturday, March 26th.

In other news, insider Stash Ptak sold 421 shares of the stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $80.00, for a total value of $33,680.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Virginia Drosos sold 20,000 shares of the stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $80.80, for a total transaction of $1,616,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,939 shares of company stock worth $4,708,762. Insiders own 1.76% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Spire Wealth Management lifted its holdings in shares of Signet Jewelers by 396.6% in the fourth quarter. Spire Wealth Management now owns 293 shares of the company’s stock worth $25,000 after buying an additional 234 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Signet Jewelers by 153.3% in the first quarter. Quadrant Capital Group LLC now owns 423 shares of the company’s stock worth $31,000 after buying an additional 256 shares in the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Signet Jewelers in the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Signet Jewelers in the fourth quarter worth about $34,000. Finally, First Quadrant L P CA purchased a new stake in shares of Signet Jewelers in the fourth quarter worth about $40,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SIG stock opened at $54.74 on Friday. The firm has a market capitalization of $2.73 billion, a PE ratio of 4.49, a price-to-earnings-growth ratio of 0.62 and a beta of 2.37. The firm has a fifty day simple moving average of $72.67 and a two-hundred day simple moving average of $82.01. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09. Signet Jewelers has a 12 month low of $52.38 and a 12 month high of $111.92.

Signet Jewelers (NYSE:SIGGet Rating) last announced its quarterly earnings results on Thursday, March 17th. The company reported $5.01 EPS for the quarter, beating analysts’ consensus estimates of $4.91 by $0.10. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Signet Jewelers had a net margin of 9.84% and a return on equity of 51.76%. Signet Jewelers’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.15 EPS. On average, equities analysts predict that Signet Jewelers will post 11.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, April 29th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, April 28th. This represents a $0.80 annualized dividend and a yield of 1.46%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.18. Signet Jewelers’s dividend payout ratio is presently 6.56%.

Signet Jewelers Company Profile (Get Rating)

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.

Further Reading

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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