Signet Jewelers Limited (NYSE:SIG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $121.20.

Several brokerages have issued reports on SIG. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Citigroup reaffirmed a “buy” rating and set a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. UBS Group upped their price target on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Wells Fargo & Company upped their price target on Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Signet Jewelers in a report on Thursday, June 13th.

Insider Buying and Selling

In related news, CAO Vincent Ciccolini sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the sale, the chief accounting officer now owns 46,076 shares in the company, valued at approximately $4,683,164.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Signet Jewelers news, CAO Vincent Ciccolini sold 4,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the sale, the chief accounting officer now directly owns 46,076 shares in the company, valued at approximately $4,683,164.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the sale, the insider now owns 90,494 shares in the company, valued at $8,175,227.96. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock worth $2,925,010 in the last 90 days. Insiders own 3.26% of the company’s stock.

Institutional Trading of Signet Jewelers

Several institutional investors have recently added to or reduced their stakes in SIG. Dimensional Fund Advisors LP lifted its holdings in shares of Signet Jewelers by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,323,982 shares of the company’s stock valued at $249,272,000 after buying an additional 51,397 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Signet Jewelers by 38.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company’s stock valued at $135,445,000 after buying an additional 349,771 shares during the period. Eminence Capital LP lifted its holdings in shares of Signet Jewelers by 33.1% during the 4th quarter. Eminence Capital LP now owns 759,439 shares of the company’s stock valued at $81,457,000 after buying an additional 189,019 shares during the period. Janus Henderson Group PLC lifted its holdings 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 buying an additional 181,207 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Signet Jewelers by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 615,867 shares of the company’s stock valued at $44,225,000 after buying an additional 52,104 shares during the period.

Signet Jewelers Stock Up 2.1 %

Signet Jewelers stock opened at $88.70 on Friday. Signet Jewelers has a 52 week low of $65.12 and a 52 week high of $112.06. The business has a 50-day simple moving average of $97.70 and a 200 day simple moving average of $99.50. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.93 and a beta of 2.16.

Signet Jewelers (NYSE:SIG) last issued its quarterly 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 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 previous year, the company posted $1.78 earnings per share. The company’s revenue was down 9.4% compared to the same quarter last year. On average, research analysts anticipate that Signet Jewelers will post 10.6 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be paid a $0.29 dividend. The ex-dividend date is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.31%. Signet Jewelers’s payout ratio is currently 9.43%.

Signet Jewelers Company Profile

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.