Shares of Signet Jewelers Ltd. (NYSE:SIG) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $24.29.
A number of research analysts have recently weighed in on SIG shares. Zacks Investment Research raised Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a research report on Monday, August 12th. Bank of America lowered their price target on Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. ValuEngine cut Signet Jewelers from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Citigroup lowered their price target on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating on the stock in a report on Friday, September 6th.
Shares of SIG stock traded down $0.10 during trading hours on Friday, reaching $17.27. 7,107 shares of the company traded hands, compared to its average volume of 2,258,659. Signet Jewelers has a 12-month low of $10.40 and a 12-month high of $60.77. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.10 and a quick ratio of 0.37. The company has a market cap of $909.06 million, a P/E ratio of 4.61, a P/E/G ratio of 0.87 and a beta of 1.00. The firm has a 50-day moving average price of $16.51 and a 200 day moving average price of $17.50.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.26. Signet Jewelers had a positive return on equity of 17.75% and a negative net margin of 2.99%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business’s quarterly revenue was down 3.9% on a year-over-year basis. Sell-side analysts predict that Signet Jewelers will post 3.09 EPS for the current year.
The firm also recently declared a — dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 10.5%. Signet Jewelers’s dividend payout ratio is presently 39.78%.
In other news, CEO Virginia Drosos acquired 4,000 shares of Signet Jewelers stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $14.14 per share, with a total value of $56,560.00. Following the purchase, the chief executive officer now directly owns 232,181 shares in the company, valued at approximately $3,283,039.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Joan M. Hilson acquired 7,500 shares of Signet Jewelers stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $14.46 per share, for a total transaction of $108,450.00. Following the purchase, the chief financial officer now owns 33,127 shares in the company, valued at $479,016.42. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in SIG. Atria Investments LLC bought a new position in shares of Signet Jewelers during the 2nd quarter valued at approximately $71,822,000. Strs Ohio increased its position in shares of Signet Jewelers by 29.9% during the 2nd quarter. Strs Ohio now owns 44,700 shares of the company’s stock valued at $799,000 after purchasing an additional 10,300 shares during the last quarter. Aperio Group LLC increased its position in shares of Signet Jewelers by 36.6% during the 2nd quarter. Aperio Group LLC now owns 33,336 shares of the company’s stock valued at $596,000 after purchasing an additional 8,929 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Signet Jewelers by 124.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 375,925 shares of the company’s stock valued at $6,646,000 after purchasing an additional 208,090 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Signet Jewelers by 6.6% during the 2nd quarter. Invesco Ltd. now owns 207,059 shares of the company’s stock valued at $3,702,000 after purchasing an additional 12,749 shares during the last quarter.
Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.
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