Buckingham Research reissued their neutral rating on shares of Signet Jewelers (NYSE:SIG) in a research note released on Thursday, March 15th. Buckingham Research currently has a $36.00 price target on the stock, down from their previous price target of $57.00.
Other analysts also recently issued reports about the company. Needham & Company LLC restated a buy rating and issued a $60.00 price target on shares of Signet Jewelers in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. Telsey Advisory Group decreased their target price on Signet Jewelers from $83.00 to $60.00 and set a market perform rating on the stock in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded Signet Jewelers from a hold rating to a strong sell rating in a research report on Friday, February 2nd. Royal Bank of Canada decreased their target price on Signet Jewelers from $66.00 to $60.00 and set an outperform rating on the stock in a research report on Wednesday, November 22nd. Finally, Wells Fargo reiterated a hold rating on shares of Signet Jewelers in a research report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $52.65.
Shares of NYSE SIG opened at $37.43 on Thursday. The company has a current ratio of 3.32, a quick ratio of 1.12 and a debt-to-equity ratio of 0.28. Signet Jewelers has a fifty-two week low of $33.11 and a fifty-two week high of $77.94. The stock has a market cap of $2,231.83, a PE ratio of 5.75, a price-to-earnings-growth ratio of 1.16 and a beta of 0.84.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Wednesday, March 14th. The company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.02. Signet Jewelers had a return on equity of 20.34% and a net margin of 8.30%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the business posted $4.03 EPS. The company’s revenue was up 1.0% on a year-over-year basis. equities analysts forecast that Signet Jewelers will post 3.99 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be given a $0.37 dividend. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.95%. Signet Jewelers’s dividend payout ratio is presently 19.05%.
In related news, insider Oded Edelman bought 90,398 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was bought at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the transaction, the insider now directly owns 33,962 shares of the company’s stock, valued at $1,878,438.22. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Monroe Bank & Trust MI acquired a new stake in Signet Jewelers during the third quarter valued at approximately $179,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Signet Jewelers during the fourth quarter valued at approximately $109,000. Delpha Capital Management LLC acquired a new stake in Signet Jewelers during the fourth quarter valued at approximately $113,000. First Mercantile Trust Co. acquired a new stake in shares of Signet Jewelers during the 4th quarter worth approximately $157,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Signet Jewelers during the 3rd quarter worth approximately $202,000.
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About Signet Jewelers
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands.
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