Signet Jewelers Limited (SIG) Given Average Rating of “Hold” by Analysts
Shares of Signet Jewelers Limited (NYSE:SIG) have been assigned an average recommendation of “Hold” from the twenty brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $70.25.
Several research analysts have recently commented on SIG shares. Zacks Investment Research raised Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Monday, September 4th. Nomura set a $70.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Instinet reissued a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Signet Jewelers Limited in a research report on Monday, August 28th. ValuEngine lowered Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Cowen and Company reissued a “market perform” rating and issued a $67.00 price target (up from $61.00) on shares of Signet Jewelers Limited in a research report on Tuesday, September 12th.
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Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. Signet Jewelers Limited’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. equities research analysts anticipate that Signet Jewelers Limited will post 7.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be issued a $0.31 dividend. The ex-dividend date is Thursday, October 26th. This represents a $1.24 annualized dividend and a dividend yield of 1.75%. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 20.13%.
Several hedge funds have recently modified their holdings of SIG. Dimensional Fund Advisors LP lifted its holdings in shares of Signet Jewelers Limited by 64.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,106,207 shares of the company’s stock valued at $69,960,000 after buying an additional 434,562 shares during the period. FMR LLC raised its holdings in Signet Jewelers Limited by 59.5% in the 2nd quarter. FMR LLC now owns 1,159,117 shares of the company’s stock worth $73,303,000 after purchasing an additional 432,507 shares during the period. Sapience Investments LLC raised its holdings in Signet Jewelers Limited by 4,383.9% in the 2nd quarter. Sapience Investments LLC now owns 428,210 shares of the company’s stock worth $27,080,000 after purchasing an additional 418,660 shares during the period. Wells Fargo & Company MN raised its holdings in Signet Jewelers Limited by 30.7% in the 2nd quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock worth $107,451,000 after purchasing an additional 399,070 shares during the period. Finally, ARGA Investment Management LP raised its holdings in Signet Jewelers Limited by 7,204.6% in the 2nd quarter. ARGA Investment Management LP now owns 394,449 shares of the company’s stock worth $24,945,000 after purchasing an additional 389,049 shares during the period.
About Signet Jewelers Limited
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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