Signet Jewelers Now Covered by Analysts at Brean Capital (SIG)
Brean Capital started coverage on shares of Signet Jewelers (NYSE:SIG) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Signet Jewelers (NYSE:SIG) traded up 0.98% on Friday, hitting $71.38. The stock had a trading volume of 127,522 shares. Signet Jewelers has a 52-week low of $47.57 and a 52-week high of $76.15. The stock has a 50-day moving average of $70.42 and a 200-day moving average of $68.88. The company has a market cap of $5.748 billion and a P/E ratio of 15.62.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, August 29th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.01. The company had revenue of $880.20 million for the quarter, compared to the consensus estimate of $909.90 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 26th. Stockholders of record on Friday, November 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, October 30th.
A number of other firms have also recently commented on SIG. Analysts at Thomson Reuters/Verus downgraded shares of Signet Jewelers (NYSE:SIG) from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Nomura initiated coverage on shares of Signet Jewelers (NYSE:SIG) in a research note to investors on Monday, September 9th. They set a “buy” rating and a $80.00 price target on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of Signet Jewelers (NYSE:SIG) from $73.00 to $72.00 in a research note to investors on Friday, August 30th. They now have a “not rated” rating on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $97.40.
Signet Jewelers Limited (NYSE:SIG) is a specialty retail jeweler by sales in the United States and United Kingdom, and also has stores in the Republic of Ireland and Channel Islands.
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