Signet Jewelers Price Target Raised to $130.00 at Topeka Capital Markets (SIG)
Research analysts at Topeka Capital Markets upped their target price on shares of Signet Jewelers (NYSE:SIG) from $125.00 to $130.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price objective points to a potential upside of 11.71% from the stock’s previous close.
SIG has been the subject of a number of other recent research reports. Analysts at Sterne Agee raised their price target on shares of Signet Jewelers to $135.00 in a research note on Thursday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Signet Jewelers in a research note on Tuesday, August 19th. Finally, analysts at Nomura reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, August 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $120.74.
Shares of Signet Jewelers (NYSE:SIG) traded up 7.72% on Thursday, hitting $116.37. The stock had a trading volume of 3,558,434 shares. Signet Jewelers has a 1-year low of $65.91 and a 1-year high of $113.18. The stock’s 50-day moving average is $106.8 and its 200-day moving average is $102.8. The company has a market cap of $9.333 billion and a price-to-earnings ratio of 23.33.
Signet Jewelers (NYSE:SIG) last released its earnings data on Thursday, August 28th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.01. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $0.84 earnings per share. Signet Jewelers’s revenue was up 39.3% compared to the same quarter last year. On average, analysts predict that Signet Jewelers will post $5.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 25th. Stockholders of record on Friday, October 31st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, October 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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