Wells Fargo & Co set a $52.00 price target on Signet Jewelers (NYSE:SIG) in a report published on Thursday, January 11th. The firm currently has a hold rating on the stock.
SIG has been the topic of a number of other research reports. ValuEngine raised shares of Signet Jewelers from a hold rating to a buy rating in a research report on Monday, October 2nd. Bank of America set a $66.00 price target on shares of Signet Jewelers and gave the stock a buy rating in a research report on Saturday, November 25th. Zacks Investment Research lowered shares of Signet Jewelers from a hold rating to a strong sell rating in a research report on Monday, November 27th. Northcoast Research reaffirmed a neutral rating on shares of Signet Jewelers in a research report on Friday, September 29th. Finally, Buckingham Research upped their price target on shares of Signet Jewelers from $55.00 to $72.00 and gave the stock a neutral rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $64.67.
Shares of Signet Jewelers (NYSE SIG) traded down $1.27 during mid-day trading on Thursday, hitting $51.37. 1,970,000 shares of the stock were exchanged, compared to its average volume of 2,210,000. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63. The company has a market capitalization of $3,110.00, a price-to-earnings ratio of 8.92, a PEG ratio of 1.02 and a beta of 0.71. Signet Jewelers has a twelve month low of $46.09 and a twelve month high of $77.94.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Signet Jewelers had a net margin of 7.32% and a return on equity of 20.76%. equities analysts predict that Signet Jewelers will post 6.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.24 annualized dividend and a dividend yield of 2.41%. Signet Jewelers’s dividend payout ratio (DPR) is presently 21.53%.
In other Signet Jewelers news, insider Oded Edelman purchased 90,398 shares of the firm’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 completion of the purchase, the insider now owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Signet Jewelers by 1.5% during the second quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock worth $420,569,000 after buying an additional 97,075 shares in the last quarter. Capital Research Global Investors grew its stake in Signet Jewelers by 1.7% during the second quarter. Capital Research Global Investors now owns 5,377,336 shares of the company’s stock worth $340,063,000 after buying an additional 88,336 shares in the last quarter. BlackRock Inc. grew its stake in Signet Jewelers by 6.6% during the second quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock worth $279,313,000 after buying an additional 272,979 shares in the last quarter. State Street Corp grew its stake in Signet Jewelers by 2.1% during the second quarter. State Street Corp now owns 3,365,495 shares of the company’s stock worth $212,841,000 after buying an additional 69,756 shares in the last quarter. Finally, Investec Asset Management LTD grew its stake in Signet Jewelers by 14.1% during the second quarter. Investec Asset Management LTD now owns 1,902,829 shares of the company’s stock worth $120,335,000 after buying an additional 235,207 shares in the last quarter.
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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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