Signet Jewelers Ltd. (NYSE:SIG) – Equities researchers at Northcoast Research upped their FY2018 EPS estimates for Signet Jewelers in a report issued on Monday. Northcoast Research analyst K. Szafraniec now anticipates that the company will post earnings per share of $6.51 for the year, up from their prior estimate of $6.40. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Signet Jewelers’ Q4 2018 earnings at $4.24 EPS.
Several other research firms have also commented on SIG. Needham & Company LLC set a $60.00 price target on shares of Signet Jewelers and gave the company a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada lowered shares of Signet Jewelers from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $60.00 to $55.00 in a report on Friday, January 12th. ValuEngine lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Cowen set a $54.00 price target on shares of Signet Jewelers and gave the company a “hold” rating in a report on Saturday, November 25th. Finally, Zacks Investment Research lowered shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a research note on Monday, November 27th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Signet Jewelers has an average rating of “Hold” and an average price target of $64.67.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Signet Jewelers had a net margin of 7.32% and a return on equity of 20.76%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, February 1st. Signet Jewelers’s dividend payout ratio is currently 21.53%.
In other Signet Jewelers news, insider Oded Edelman bought 90,398 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were acquired at an average cost of $55.31 per share, for a total transaction of $4,999,913.38. Following the acquisition, the insider now directly owns 33,962 shares of the company’s stock, valued at $1,878,438.22. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp raised its holdings in shares of Signet Jewelers by 0.8% during the second quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock valued at $452,000 after acquiring an additional 59 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Signet Jewelers by 19.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after acquiring an additional 335 shares during the period. Hosking Partners LLP raised its holdings in shares of Signet Jewelers by 0.6% during the third quarter. Hosking Partners LLP now owns 119,049 shares of the company’s stock valued at $7,923,000 after acquiring an additional 712 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Signet Jewelers by 9.8% during the third quarter. Janney Montgomery Scott LLC now owns 8,082 shares of the company’s stock valued at $538,000 after acquiring an additional 721 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Signet Jewelers by 1.5% during the third quarter. Great West Life Assurance Co. Can now owns 48,700 shares of the company’s stock valued at $3,262,000 after acquiring an additional 734 shares during the period.
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Signet Jewelers 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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