Signet Jewelers Ltd. (SIG) Hits New 1-Year Low at $75.47
Signet Jewelers Ltd. (NYSE:SIG)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $75.47 and last traded at $75.61, with a volume of 518,361 shares trading hands. The stock had previously closed at $77.20.
Several equities analysts recently weighed in on SIG shares. Johnson Rice lowered shares of Signet Jewelers from a “buy” rating to an “accumulate” rating in a report on Monday, August 29th. Zacks Investment Research upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Friday, May 27th. Nomura restated a “buy” rating and set a $148.00 target price on shares of Signet Jewelers in a report on Thursday, June 9th. Bank of America Corp. restated a “buy” rating on shares of Signet Jewelers in a report on Wednesday, June 8th. Finally, Telsey Advisory Group restated a “buy” rating on shares of Signet Jewelers in a report on Sunday, May 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $108.93.
The firm’s 50 day moving average price is $85.12 and its 200 day moving average price is $97.33. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 11.55 and a beta of 1.48.
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Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.45 by $0.31. The company earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. Signet Jewelers had a net margin of 7.86% and a return on equity of 18.70%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 EPS. On average, analysts expect that Signet Jewelers Ltd. will post $7.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.35%. The ex-dividend date is Wednesday, October 26th. Signet Jewelers’s payout ratio is presently 15.90%.
In related news, Director Helen Mccluskey acquired 1,000 shares of the stock in a transaction on Tuesday, July 19th. The stock was purchased at an average price of $89.91 per share, for a total transaction of $89,910.00. Following the transaction, the director now owns 6,197 shares of the company’s stock, valued at approximately $557,172.27. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas G. Plaskett acquired 300 shares of the stock in a transaction on Friday, July 22nd. The stock was bought at an average price of $88.88 per share, with a total value of $26,664.00. Following the transaction, the director now directly owns 16,407 shares in the company, valued at approximately $1,458,254.16. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Signet Jewelers by 0.4% in the second quarter. Vanguard Group Inc. now owns 6,825,467 shares of the company’s stock valued at $562,486,000 after buying an additional 24,299 shares during the last quarter. Wellington Management Group LLP boosted its stake in Signet Jewelers by 19.4% in the first quarter. Wellington Management Group LLP now owns 3,565,363 shares of the company’s stock valued at $442,212,000 after buying an additional 580,532 shares during the last quarter. Farallon Capital Management LLC boosted its stake in Signet Jewelers by 47.0% in the second quarter. Farallon Capital Management LLC now owns 2,812,471 shares of the company’s stock valued at $231,776,000 after buying an additional 899,618 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Signet Jewelers by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,049,603 shares of the company’s stock valued at $254,212,000 after buying an additional 54,523 shares during the last quarter. Finally, Pennant Capital Management LLC boosted its stake in Signet Jewelers by 17.6% in the first quarter. Pennant Capital Management LLC now owns 1,867,627 shares of the company’s stock valued at $231,642,000 after buying an additional 279,226 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.
About Signet Jewelers
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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