Signet Jewelers Price Target Increased to $131.00 by Analysts at Telsey Advisory Group (SIG)
Stock analysts at Telsey Advisory Group boosted their target price on shares of Signet Jewelers (NYSE:SIG) from $120.00 to $131.00 in a report issued on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 12.57% from the stock’s previous close.
Shares of Signet Jewelers (NYSE:SIG) opened at 116.37 on Friday. Signet Jewelers has a 52 week low of $65.91 and a 52 week high of $117.42. The stock has a 50-day moving average of $106.9 and a 200-day moving average of $102.9. The company has a market cap of $9.333 billion and a P/E ratio of 25.13.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results 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 $5.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 25th. Shareholders 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.
A number of other analysts have also recently weighed in on SIG. Analysts at Topeka Capital Markets raised their price target on shares of Signet Jewelers from $125.00 to $130.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Signet Jewelers to $135.00 in a research note on Thursday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Signet Jewelers in a research note on Tuesday, August 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Signet Jewelers currently has a consensus rating of “Buy” and an average price target of $122.65.
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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