Signet Jewelers (NYSE:SIG) Stock Price Down 3.5% – What’s Next?

Signet Jewelers Limited (NYSE:SIG) shares traded down 3.5% on Monday . The company traded as low as $88.37 and last traded at $88.63. 88,816 shares were traded during mid-day trading, a decline of 89% from the average session volume of 836,190 shares. The stock had previously closed at $91.80.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a research report on Thursday, December 5th. UBS Group dropped their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Bank of America reduced their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Stock Down 1.9 %

The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average of $96.36 and a 200-day moving average of $91.20. The firm has a market cap of $3.74 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.13 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. On average, equities research analysts anticipate that Signet Jewelers Limited will post 9.9 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.16 annualized dividend and a dividend yield of 1.37%. Signet Jewelers’s dividend payout ratio is presently 13.35%.

Insider Activity

In related news, insider Mary Elizabeth Finn sold 3,763 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.32, for a total transaction of $347,400.16. Following the transaction, the insider now directly owns 43,058 shares of the company’s stock, valued at approximately $3,975,114.56. The trade was a 8.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Virginia Drosos sold 3,475 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the sale, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at $78,829,326.15. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,957 shares of company stock valued at $4,599,306. 3.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in shares of Signet Jewelers by 43.1% during the second quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $475,000 after purchasing an additional 1,600 shares during the period. Murphy Pohlad Asset Management LLC lifted its holdings in shares of Signet Jewelers by 8.4% during the second quarter. Murphy Pohlad Asset Management LLC now owns 27,900 shares of the company’s stock worth $2,499,000 after buying an additional 2,155 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of Signet Jewelers by 35.9% in the second quarter. Coronation Fund Managers Ltd. now owns 44,405 shares of the company’s stock valued at $3,978,000 after acquiring an additional 11,723 shares during the period. Blue Trust Inc. boosted its position in shares of Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after acquiring an additional 122 shares during the period. Finally, Raymond James & Associates increased its position in Signet Jewelers by 46.1% during the second quarter. Raymond James & Associates now owns 53,947 shares of the company’s stock worth $4,833,000 after acquiring an additional 17,030 shares during the period.

About Signet Jewelers

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.