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

Shares of Signet Jewelers Limited (NYSE:SIG) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $109.60.

Several equities analysts have commented on the company. 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, December 5th. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company raised their price objective on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $73.77 on Tuesday. The stock has a fifty day moving average of $88.69 and a 200 day moving average of $88.04. Signet Jewelers has a 52 week low of $72.26 and a 52 week high of $112.06. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.04 and a beta of 2.13. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the business earned $0.24 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. As a group, research analysts expect that Signet Jewelers will post 9.88 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio is presently 13.35%.

Insider Transactions at Signet Jewelers

In other news, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the transaction, the insider now owns 200,844 shares of the company’s stock, valued at $18,993,817.08. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the transaction, the director now directly owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,570 shares of company stock valued at $1,512,750 in the last quarter. 3.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Signet Jewelers

Several large investors have recently bought and sold shares of SIG. Choreo LLC bought a new stake in Signet Jewelers in the 2nd quarter worth about $214,000. Envestnet Asset Management Inc. increased its holdings in Signet Jewelers by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,962 shares of the company’s stock worth $1,967,000 after buying an additional 1,100 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Signet Jewelers by 117.1% in the 2nd quarter. WINTON GROUP Ltd now owns 10,212 shares of the company’s stock worth $915,000 after buying an additional 5,509 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Signet Jewelers in the 2nd quarter worth about $51,000. Finally, Dimensional Fund Advisors LP increased its holdings 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 worth $213,809,000 after buying an additional 149,934 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.