Signet Jewelers (NYSE:SIG) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Signet Jewelers (NYSE:SIGFree Report) in a report published on Thursday morning,Benzinga reports. They currently have a $96.00 price target on the stock.

Other equities analysts have also issued reports about the company. UBS Group boosted their price target on Signet Jewelers from $115.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. The Goldman Sachs Group raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Wells Fargo & Company decreased their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.00.

Read Our Latest Stock Analysis on SIG

Signet Jewelers Trading Up 13.8%

SIG opened at $89.64 on Thursday. The business has a 50 day moving average of $91.88 and a 200-day moving average of $93.40. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 0.85 and a beta of 1.25. Signet Jewelers has a 1-year low of $49.99 and a 1-year high of $110.20.

Signet Jewelers (NYSE:SIGGet Free Report) last announced its earnings results on Thursday, March 19th. The company reported $6.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.38. The business had revenue of ($4,468.50) million for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. Signet Jewelers’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.62 earnings per share. Equities analysts predict that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 24th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, April 24th. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.32. Signet Jewelers’s dividend payout ratio (DPR) is presently 38.21%.

Institutional Trading of Signet Jewelers

A number of hedge funds and other institutional investors have recently made changes to their positions in SIG. Salomon & Ludwin LLC bought a new stake in Signet Jewelers during the 3rd quarter worth about $31,000. Richardson Financial Services Inc. bought a new position in Signet Jewelers in the 4th quarter valued at $31,000. Farther Finance Advisors LLC boosted its position in Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers in the 4th quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Signet Jewelers by 111.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after acquiring an additional 333 shares during the period.

Signet Jewelers News Summary

Here are the key news stories impacting Signet Jewelers this week:

Signet Jewelers Company Profile

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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.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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