Signet Jewelers (NYSE:SIG) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Signet Jewelers (NYSE:SIG) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other brokerages also recently issued reports on SIG. Telsey Advisory Group reissued a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a research report on Thursday. UBS Group cut their target price 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. Wells Fargo & Company lifted their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Bank of America lowered their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.60.

Signet Jewelers Trading Up 5.6 %

SIG opened at $91.80 on Friday. The firm has a market capitalization of $4.04 billion, a PE ratio of 10.56, a PEG ratio of 1.12 and a beta of 2.10. Signet Jewelers has a twelve month low of $72.26 and a twelve month high of $112.06. The firm’s 50-day moving average price is $96.90 and its 200 day moving average price is $91.43.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business earned $0.24 EPS. Signet Jewelers’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts predict that Signet Jewelers will post 10.78 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be issued a $0.29 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. Signet Jewelers’s payout ratio is 13.35%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the sale, the insider now directly owns 200,844 shares in the company, valued at $18,993,817.08. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $99.63, for a total transaction of $332,066.79. Following the sale, the director now owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders 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

Institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new position in shares of Signet Jewelers during the third quarter worth $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Signet Jewelers during the second quarter worth $51,000. Hexagon Capital Partners LLC lifted its position in shares of Signet Jewelers by 33.4% during the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock worth $63,000 after purchasing an additional 175 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Signet Jewelers during the third quarter worth $77,000. Finally, Blue Trust Inc. lifted its position in shares of Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after purchasing an additional 122 shares in the last quarter.

About Signet Jewelers

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.