Signet Jewelers Limited (SIG) Receives Average Recommendation of “Hold” from Analysts
Signet Jewelers Limited (NYSE:SIG) has earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $70.93.
A number of equities analysts have recently commented on SIG shares. Zacks Investment Research raised shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Monday, September 4th. Wells Fargo & Company set a $97.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Wednesday, August 23rd. Cowen and Company lifted their price target on shares of Signet Jewelers Limited from $54.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, June 23rd. Royal Bank Of Canada set a $66.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Buckingham Research reissued a “neutral” rating and set a $51.00 price target on shares of Signet Jewelers Limited in a report on Saturday, August 26th.
Several institutional investors have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. acquired a new position in shares of Signet Jewelers Limited in the second quarter valued at approximately $741,000. Toronto Dominion Bank boosted its holdings in shares of Signet Jewelers Limited by 23.7% in the second quarter. Toronto Dominion Bank now owns 23,101 shares of the company’s stock valued at $1,461,000 after buying an additional 4,433 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Signet Jewelers Limited in the second quarter valued at approximately $329,000. Tower Research Capital LLC TRC boosted its holdings in shares of Signet Jewelers Limited by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after buying an additional 335 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in shares of Signet Jewelers Limited by 28.5% in the second quarter. Westside Investment Management Inc. now owns 9,275 shares of the company’s stock valued at $565,000 after buying an additional 2,055 shares during the period.
Signet Jewelers Limited (NYSE:SIG) traded up 1.46% during mid-day trading on Thursday, reaching $62.35. The company’s stock had a trading volume of 464,244 shares. The firm has a market cap of $3.77 billion, a PE ratio of 9.39 and a beta of 0.98. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The stock’s 50 day moving average is $65.41 and its 200 day moving average is $61.70.
Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.23. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. On average, analysts anticipate that Signet Jewelers Limited will post $7.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio is currently 19.14%.
Signet Jewelers Limited Company Profile
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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