Signet Jewelers Lowered to “Neutral” at Northcoast Research (SIG)
Signet Jewelers (NYSE:SIG) was downgraded by equities research analysts at Northcoast Research to a “neutral” rating in a research note issued to investors on Friday, Stock Ratings Network.com reports.
A number of other firms have also recently commented on SIG. Analysts at Nomura reiterated a “buy” rating on shares of Signet Jewelers in a research note to investors on Tuesday, January 21st. They now have a $85.00 price target on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Signet Jewelers from $79.00 to $77.00 in a research note to investors on Thursday, January 9th. They now have a “not rated” rating on the stock. Finally, analysts at CL King downgraded shares of Signet Jewelers from a “strong-buy” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $104.80.
Shares of Signet Jewelers (NYSE:SIG) traded down 1.21% during mid-day trading on Friday, hitting $79.88. 258,875 shares of the company’s stock traded hands. Signet Jewelers has a 52 week low of $58.85 and a 52 week high of $80.92. The stock’s 50-day moving average is $76.62 and its 200-day moving average is $73.93. The company has a market cap of $6.408 billion and a price-to-earnings ratio of 17.92.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, November 26th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $771.40 million for the quarter, compared to the consensus estimate of $770.59 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Signet Jewelers will post $4.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 27th. Stockholders of record on Friday, January 31st will be given a dividend of 0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, January 29th.
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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