Signet Jewelers Price Target Increased to $130.00 by Analysts at JPMorgan Chase & Co. (SIG)
Equities researchers at JPMorgan Chase & Co. boosted their price target on shares of Signet Jewelers (NYSE:SIG) from $125.00 to $130.00 in a research report issued on Tuesday. JPMorgan Chase & Co.’s target price suggests a potential upside of 10.29% from the company’s current price.
A number of other analysts have also recently weighed in on SIG. Analysts at Deutsche Bank raised their price target on shares of Signet Jewelers from $115.00 to $125.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Signet Jewelers from $120.00 to $131.00 in a research note on Friday. They now have a “not rated” rating on the stock. Finally, 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, August 28th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $124.91.
Shares of Signet Jewelers (NYSE:SIG) traded up 0.64% on Tuesday, hitting $118.63. 293,620 shares of the company’s stock traded hands. Signet Jewelers has a 1-year low of $65.91 and a 1-year high of $118.27. The stock’s 50-day moving average is $107.1 and its 200-day moving average is $103.1. The company has a market cap of $9.514 billion and a price-to-earnings ratio of 26.06.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. 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. Investors 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 0.61%. 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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