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

Signet Jewelers Limited (NYSE:SIG) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $120.20.

Several equities analysts have recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 price objective on shares of Signet Jewelers in a research note on Wednesday, July 24th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Wells Fargo & Company boosted their target price on Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Finally, Citigroup reaffirmed a “buy” rating and issued a $119.00 price target on shares of Signet Jewelers in a research note on Friday, June 14th.

Insider Activity

In related news, insider Rebecca Wooters sold 3,000 shares of the 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 transaction, the insider now directly owns 90,494 shares in the company, valued at approximately $8,175,227.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Oded Edelman sold 9,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total transaction of $670,950.00. Following the completion of the transaction, the insider now directly owns 28,398 shares in the company, valued at $2,117,070.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rebecca Wooters sold 3,000 shares of Signet Jewelers stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $90.34, for a total value of $271,020.00. Following the completion of the transaction, the insider now directly owns 90,494 shares of the company’s stock, valued at approximately $8,175,227.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,439 shares of company stock worth $4,169,869. Corporate insiders own 3.26% of the company’s stock.

Institutional Investors Weigh In On Signet Jewelers

Institutional investors have recently made changes to their positions in the company. Khrom Capital Management LLC bought a new position in shares of Signet Jewelers during the second quarter valued at $58,357,000. Norges Bank bought a new position in Signet Jewelers during the fourth quarter valued at approximately $52,976,000. Eminence Capital LP boosted its holdings in Signet Jewelers by 71.3% in the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after purchasing an additional 351,588 shares during the last quarter. Select Equity Group L.P. grew its position 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 worth $622,562,000 after purchasing an additional 193,977 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Signet Jewelers by 38.2% during the 1st quarter. Janus Henderson Group PLC now owns 656,005 shares of the company’s stock valued at $65,646,000 after purchasing an additional 181,207 shares during the period.

Signet Jewelers Trading Up 3.1 %

SIG opened at $80.32 on Friday. Signet Jewelers has a 12 month low of $65.12 and a 12 month high of $112.06. The business’s 50-day moving average price is $83.81 and its 200-day moving average price is $94.71. The company has a market cap of $3.58 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.83 and a beta of 2.16.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. Equities research analysts forecast that Signet Jewelers will post 10.6 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. Signet Jewelers’s dividend payout ratio (DPR) is 9.43%.

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.