Signet Jewelers Limited (NYSE:SIG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Signet Jewelers Limited (NYSE:SIG) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $120.20.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 target price on shares of Signet Jewelers in a research report on Wednesday. UBS Group increased their target price on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Citigroup reissued a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a research note on Friday, June 14th. Finally, StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th.

Signet Jewelers Stock Up 0.8 %

Shares of SIG opened at $83.04 on Tuesday. The stock has a market cap of $3.70 billion, a PE ratio of 6.75, a PEG ratio of 0.89 and a beta of 2.16. The business has a 50-day simple moving average of $93.73 and a two-hundred day simple moving average of $97.51. Signet Jewelers has a 12-month low of $65.12 and a 12-month high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. Signet Jewelers’s revenue was down 9.4% on a year-over-year basis. On average, equities research analysts expect that Signet Jewelers will post 10.6 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.40%. Signet Jewelers’s dividend payout ratio is presently 9.43%.

Insider Buying and Selling at Signet Jewelers

In other news, insider Rebecca Wooters sold 3,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total transaction of $271,020.00. Following the completion of the sale, the insider now owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Rebecca Wooters sold 3,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the completion of the sale, the insider now owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $91.81, for a total value of $734,480.00. Following the transaction, the insider now owns 189,231 shares of the company’s stock, valued at $17,373,298.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,439 shares of company stock worth $3,498,919. 3.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its holdings in shares of Signet Jewelers by 37.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock valued at $50,000 after acquiring an additional 127 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Signet Jewelers during the 4th quarter worth $64,000. Blue Trust Inc. lifted its stake in shares of Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after acquiring an additional 122 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Signet Jewelers by 55.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock valued at $164,000 after acquiring an additional 544 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Signet Jewelers by 6.8% during the first quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after acquiring an additional 116 shares during the period.

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.