Signet Jewelers Limited (NYSE:SIG) Given Average Rating of “Moderate Buy” by Analysts

Signet Jewelers Limited (NYSE:SIG) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $120.20.

A number of research analysts have recently commented on SIG shares. UBS Group upped their price objective on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Wells Fargo & Company boosted their price objective on shares of Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $105.00 target price on shares of Signet Jewelers in a research report on Wednesday, July 24th. Finally, Citigroup reiterated a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a report on Friday, June 14th.

Signet Jewelers Trading Up 2.0 %

Shares of SIG stock opened at $84.72 on Tuesday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.89 and a beta of 2.17. The firm has a 50-day moving average price of $93.46 and a 200 day moving average price of $97.37. Signet Jewelers has a twelve month low of $65.12 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The company’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 earnings per share. As a group, research analysts predict that Signet Jewelers will post 10.6 earnings per share for the current year.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.37%. Signet Jewelers’s payout ratio is 9.43%.

Insider Buying and Selling

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,334 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the transaction, the director now owns 29,418 shares in the company, valued at $2,587,018.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,334 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $87.94, for a total value of $293,191.96. Following the completion of the sale, the director now owns 29,418 shares of the company’s stock, valued at $2,587,018.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $91.81, for a total transaction of $734,480.00. Following the transaction, the insider now directly owns 189,231 shares in the company, valued at $17,373,298.11. The disclosure for this sale can be found here. In the last three months, insiders sold 40,439 shares of company stock valued at $3,498,919. Company insiders own 3.26% of the company’s stock.

Institutional Trading of Signet Jewelers

Hedge funds and other institutional investors have recently modified their holdings of the business. Hexagon Capital Partners LLC grew its stake in Signet Jewelers by 37.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Signet Jewelers during the fourth quarter worth approximately $64,000. Blue Trust Inc. increased its stake in shares of Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after buying an additional 122 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Signet Jewelers by 55.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock valued at $164,000 after acquiring an additional 544 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Signet Jewelers by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after acquiring an additional 116 shares in the last quarter.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.