Sterne Agee Increases Signet Jewelers Price Target to $135.00 (SIG)
Equities research analysts at Sterne Agee lifted their price target on shares of Signet Jewelers (NYSE:SIG) to $135.00 in a research note issued to investors on Thursday. Sterne Agee’s target price indicates a potential upside of 24.97% from the company’s current price.
Signet Jewelers (NYSE:SIG) traded up 6.82% during mid-day trading on Thursday, hitting $115.40. The stock had a trading volume of 2,541,141 shares. Signet Jewelers has a one year low of $65.91 and a one year high of $113.18. The stock has a 50-day moving average of $106.8 and a 200-day moving average of $102.8. The company has a market cap of $9.255 billion and a price-to-earnings ratio of 23.33.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, August 28th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 39.3% on a year-over-year basis. Analysts expect that Signet Jewelers will post $5.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 25th. Investors of record on Friday, October 31st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Wednesday, October 29th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Signet Jewelers in a research note on Tuesday, August 19th. Separately, analysts at Nomura reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, August 4th. Finally, analysts at Zacks upgraded shares of Signet Jewelers from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $113.20 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Signet Jewelers presently has an average rating of “Buy” and an average price target of $120.03.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.