Signet Jewelers’s Neutral Rating Reiterated at Citigroup Inc. (SIG)
Signet Jewelers (NYSE:SIG)‘s stock had its “neutral” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday. They currently have a $125.00 target price on the stock, up from their previous target price of $112.00. Citigroup Inc.’s target price would indicate a potential upside of 6.05% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $124.91.
Signet Jewelers (NYSE:SIG) traded up 0.40% on Tuesday, hitting $118.34. The stock had a trading volume of 173,087 shares. Signet Jewelers has a 52-week low of $65.91 and a 52-week 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 $9.491 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 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. 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 0.61%. 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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