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

Shares of Signet Jewelers Limited (NYSE:SIGGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $109.60.

Several analysts have commented on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group decreased their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Bank of America decreased their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Check Out Our Latest Research Report on Signet Jewelers

Insider Buying and Selling

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

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Select Equity Group L.P. grew its stake in Signet Jewelers by 2.9% in the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after acquiring an additional 193,977 shares during the period. Dimensional Fund Advisors LP grew its stake in Signet Jewelers by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after acquiring an additional 149,934 shares during the period. Pacer Advisors Inc. grew its stake in Signet Jewelers by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock valued at $185,347,000 after acquiring an additional 126,726 shares during the period. State Street Corp grew its stake in Signet Jewelers by 1.0% in the 3rd quarter. State Street Corp now owns 1,756,075 shares of the company’s stock valued at $181,122,000 after acquiring an additional 16,912 shares during the period. Finally, Eminence Capital LP grew its stake in Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after acquiring an additional 351,588 shares during the period.

Signet Jewelers Trading Down 2.1 %

NYSE SIG opened at $99.98 on Monday. The company’s 50-day moving average price is $97.03 and its 200-day moving average price is $91.61. The stock has a market cap of $4.40 billion, a PE ratio of 11.57, a PEG ratio of 1.18 and a beta of 2.12. Signet Jewelers has a 12 month low of $72.26 and a 12 month high of $112.06.

Signet Jewelers (NYSE:SIGGet Free Report) last issued its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $1.55 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, sell-side analysts forecast that Signet Jewelers will post 10.8 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.16%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.43%.

About Signet Jewelers

(Get Free Report

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.

See Also

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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