Signet Jewelers Limited (NYSE:SIG) Receives $109.60 Consensus PT from Analysts

Shares of Signet Jewelers Limited (NYSE:SIG) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $109.60.

SIG has been the topic of a number of analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $87.00 price objective on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Bank of America reduced their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. UBS Group reduced their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company lifted their price target on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

Signet Jewelers Trading Up 0.4 %

Shares of SIG opened at $92.05 on Thursday. The firm has a market cap of $4.05 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.04 and a beta of 2.12. The company’s 50 day simple moving average is $92.02 and its 200-day simple moving average is $91.68. Signet Jewelers has a 12-month low of $68.15 and a 12-month high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $1.55 EPS. Signet Jewelers’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, equities research analysts forecast that Signet Jewelers will post 10.8 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, October 25th. Signet Jewelers’s payout ratio is 13.43%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider Oded Edelman sold 9,000 shares of Signet Jewelers stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total value of $670,950.00. Following the completion of the sale, the insider now owns 28,398 shares in the company, valued at $2,117,070.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now owns 775,345 shares in the company, valued at approximately $78,829,326.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Oded Edelman sold 9,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total value of $670,950.00. Following the sale, the insider now owns 28,398 shares of the company’s stock, valued at $2,117,070.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,957 shares of company stock valued at $5,910,256. 3.26% of the stock is owned by insiders.

Institutional Trading of Signet Jewelers

A number of institutional investors have recently modified their holdings of the company. Atria Investments Inc purchased a new stake in shares of Signet Jewelers during the 3rd quarter worth about $254,000. Van ECK Associates Corp boosted its holdings in Signet Jewelers by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 28,081 shares of the company’s stock worth $2,896,000 after acquiring an additional 8,024 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Signet Jewelers in the 3rd quarter worth approximately $25,000. Murphy Pohlad Asset Management LLC boosted its holdings in Signet Jewelers by 1.5% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 28,325 shares of the company’s stock worth $2,921,000 after acquiring an additional 425 shares during the period. Finally, Trajan Wealth LLC purchased a new position in Signet Jewelers in the 3rd quarter worth approximately $258,000.

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.