Brokerages Set Signet Jewelers Limited (NYSE:SIG) PT at $109.60

Signet Jewelers Limited (NYSE:SIG) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $109.60.

Several research analysts have weighed in on the company. Bank of America dropped their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $87.00 target price on shares of Signet Jewelers in a research note on Thursday, December 5th. UBS Group dropped their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.

Insider Activity

In related news, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was 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 owns 200,844 shares in the company, valued at $18,993,817.08. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the sale, the director now directly owns 26,085 shares in the company, valued at $2,598,848.55. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,194 shares of company stock valued at $4,251,906 over the last 90 days. 3.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Signet Jewelers

Large investors have recently bought and sold shares of the stock. Ritholtz Wealth Management increased its holdings in shares of Signet Jewelers by 4.9% during the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock worth $254,000 after purchasing an additional 115 shares during the period. Blue Trust Inc. grew its position in 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 buying an additional 122 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Signet Jewelers during the third quarter valued at about $25,000. Cetera Investment Advisers raised its holdings in Signet Jewelers by 2.2% in the 2nd quarter. Cetera Investment Advisers now owns 11,793 shares of the company’s stock valued at $1,056,000 after acquiring an additional 257 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Signet Jewelers by 25.5% in the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after acquiring an additional 263 shares during the period.

Signet Jewelers Price Performance

Shares of SIG opened at $81.14 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 1.04 and a beta of 2.10. The business’s 50-day moving average is $94.01 and its 200-day moving average is $89.99. Signet Jewelers has a fifty-two week low of $72.26 and a fifty-two week high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its 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 8.57% and a return on equity of 28.69%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the business earned $0.24 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts expect that Signet Jewelers will post 9.88 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 1.43%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.35%.

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.