Signet Jewelers Limited (NYSE: SIG) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2017 – Signet Jewelers Limited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Signet has underperformed the industry in the last one year due to its dismal sales surprise history. Incidentally, the company saw its 10th straight top-line miss in first-quarter fiscal 2018, where both the top line and bottom line fell year over year and lagged estimates. Also, comps continued to disappoint. Results were hurt by a tough retail landscape, lower spending on jewellery and company-specific hurdles. Nonetheless, improved e-Commerce and Piercing Pagoda sales provided little respite. Further, the company is striving hard to place itself on growth path, as evident from its planned capital investments. Moreover, Signet’s digital marketing efforts and focus on Customer-First OmniChannel strategy might help the stock to regain its lost momentum in the near future. The company’s plans to outsource its credit program should also draw investors’ attention, as it is likely to ease some costs and bad debts eventually.”
  • 7/31/2017 – Signet Jewelers Limited was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/24/2017 – Signet Jewelers Limited was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/18/2017 – Signet Jewelers Limited had its “hold” rating reaffirmed by analysts at Cowen and Company.
  • 7/18/2017 – Signet Jewelers Limited was given a new $70.00 price target on by analysts at Nomura. They now have a “buy” rating on the stock.
  • 7/18/2017 – Signet Jewelers Limited is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $69.00 price target on the stock.
  • 6/28/2017 – Signet Jewelers Limited was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/23/2017 – Signet Jewelers Limited had its price target raised by analysts at Cowen and Company from $54.00 to $57.00. They now have a “market perform” rating on the stock.
  • 6/21/2017 – Signet Jewelers Limited had its “buy” rating reaffirmed by analysts at Instinet. They now have a $70.00 price target on the stock.
  • 6/21/2017 – Signet Jewelers Limited had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $75.00 price target on the stock.
  • 6/20/2017 – Signet Jewelers Limited was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/9/2017 – Signet Jewelers Limited was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/9/2017 – Signet Jewelers Limited had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $54.00 price target on the stock.
  • 6/8/2017 – Signet Jewelers Limited was given a new $75.00 price target on by analysts at Bank of America Corporation. They now have a “buy” rating on the stock.

Signet Jewelers Limited (NYSE:SIG) traded up 1.82% during midday trading on Monday, hitting $61.97. 868,310 shares of the company were exchanged. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The firm’s 50-day moving average price is $60.43 and its 200-day moving average price is $65.55. The stock has a market capitalization of $4.24 billion, a PE ratio of 9.84 and a beta of 1.00.

Signet Jewelers Limited (NYSE:SIG) last posted its earnings results on Thursday, May 25th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.66 by $0.63. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. Equities research analysts anticipate that Signet Jewelers Limited will post $6.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, July 28th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 26th. This represents a $1.24 annualized dividend and a yield of 2.00%. Signet Jewelers Limited’s dividend payout ratio is presently 19.97%.

In other Signet Jewelers Limited news, Director H. Todd Stitzer bought 2,090 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average cost of $47.91 per share, for a total transaction of $100,131.90. Following the transaction, the director now directly owns 16,823 shares in the company, valued at $805,989.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by company insiders.

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

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