Signet Jewelers Ltd. (NYSE:SIG) has earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $55.39.
SIG has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Thursday, July 12th. ValuEngine raised shares of Signet Jewelers from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 12th. Nomura lowered shares of Signet Jewelers from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Tuesday, July 31st. They noted that the move was a valuation call. TheStreet raised shares of Signet Jewelers from a “d+” rating to a “c-” rating in a research report on Tuesday, August 21st. Finally, Telsey Advisory Group raised their price target on shares of Signet Jewelers from $56.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, August 24th.
NYSE:SIG traded up $2.75 during mid-day trading on Monday, reaching $60.99. 1,139,014 shares of the company’s stock were exchanged, compared to its average volume of 2,153,000. Signet Jewelers has a one year low of $33.11 and a one year high of $77.94. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 2.69.
Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, August 30th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.32. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm earned $1.33 earnings per share. Signet Jewelers’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that Signet Jewelers will post 4.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, November 1st. Signet Jewelers’s dividend payout ratio is currently 22.73%.
A number of hedge funds have recently added to or reduced their stakes in SIG. Stifel Financial Corp bought a new position in Signet Jewelers in the 1st quarter valued at about $921,000. Principal Financial Group Inc. increased its holdings in Signet Jewelers by 178.4% in the 1st quarter. Principal Financial Group Inc. now owns 267,486 shares of the company’s stock valued at $10,303,000 after buying an additional 171,421 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Signet Jewelers by 60.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 96,503 shares of the company’s stock valued at $3,717,000 after buying an additional 36,488 shares during the period. Royal Bank of Canada grew its holdings in shares of Signet Jewelers by 58.4% during the 1st quarter. Royal Bank of Canada now owns 186,058 shares of the company’s stock valued at $7,168,000 after purchasing an additional 68,580 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in shares of Signet Jewelers by 44.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 8,100 shares of the company’s stock valued at $312,000 after purchasing an additional 2,500 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.
Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, 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, as well as JamesAllen.com, an online jewelry retailer Website.
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