Nomura Reiterates “Buy” Rating for Signet Jewelers (SIG)
Signet Jewelers (NYSE:SIG)‘s stock had its “buy” rating reiterated by stock analysts at Nomura in a report issued on Monday, AnalystRatings.NET reports.
SIG has been the subject of a number of other recent research reports. Analysts at Northcoast Research downgraded shares of Signet Jewelers from a “buy” rating to a “neutral” rating in a research note to investors on Friday. 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $106.78.
Shares of Signet Jewelers (NYSE:SIG) opened at 79.55 on Monday. Signet Jewelers has a one year low of $58.85 and a one year high of $80.92. The stock’s 50-day moving average is $76.76 and its 200-day moving average is $73.99. The company has a market cap of $6.381 billion and a price-to-earnings ratio of 17.92.
Signet Jewelers (NYSE:SIG) last released its earnings data 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 $4.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Stockholders of record on Friday, January 31st will be paid a dividend of 0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date 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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