Signet Jewelers Receives “Buy” Rating from Nomura (SIG)
Signet Jewelers (NYSE:SIG)‘s stock had its “buy” rating restated by research analysts at Nomura in a report released on Tuesday. They currently have a $125.00 price target on the stock, up from their previous price target of $121.00. Nomura’s target price indicates a potential upside of 6.05% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Signet Jewelers in a research note on Tuesday. They now have a $125.00 price target on the stock, up previously from $112.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Signet Jewelers from $125.00 to $130.00 in a research note on Tuesday. Finally, 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Signet Jewelers presently has a consensus rating of “Buy” and an average price target of $124.92.
Shares of Signet Jewelers (NYSE:SIG) traded up 0.49% on Tuesday, hitting $118.45. 398,222 shares of the company’s stock traded hands. Signet Jewelers has a 52-week low of $65.91 and a 52-week high of $118.27. The stock has a 50-day moving average of $107.1 and a 200-day moving average of $103.1. The company has a market cap of $9.500 billion and a price-to-earnings ratio of 26.06.
Signet Jewelers (NYSE:SIG) last released its earnings data 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. Shareholders 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 0.61%. The ex-dividend date 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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