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

Signet Jewelers Limited (NYSE:SIG) has earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $120.20.

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

Insider Transactions at Signet Jewelers

In other news, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 189,231 shares of the company’s stock, valued at approximately $17,373,298.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Eugenia Ulasewicz sold 3,334 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $87.94, for a total value of $293,191.96. Following the transaction, the director now owns 29,418 shares in the company, valued at $2,587,018.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the transaction, the insider now owns 189,231 shares in the company, valued at $17,373,298.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,439 shares of company stock worth $3,498,919. 3.26% of the stock is currently owned by company insiders.

Institutional Trading of Signet Jewelers

Hedge funds have recently bought and sold shares of the stock. GAM Holding AG bought a new stake in Signet Jewelers in the 2nd quarter valued at $3,995,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Signet Jewelers by 17.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,159 shares of the company’s stock worth $283,000 after acquiring an additional 479 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Signet Jewelers by 2.7% during the second quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the company’s stock worth $2,016,000 after buying an additional 600 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Signet Jewelers by 1.4% during the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after purchasing an additional 144 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Signet Jewelers by 16.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 527,145 shares of the company’s stock valued at $47,221,000 after buying an additional 74,380 shares during the last quarter.

Signet Jewelers Trading Up 0.8 %

SIG stock opened at $83.04 on Tuesday. Signet Jewelers has a 52 week low of $65.12 and a 52 week high of $112.06. The company has a market cap of $3.70 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.89 and a beta of 2.16. The company’s 50-day moving average price is $93.73 and its 200 day moving average price is $97.51.

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

Signet Jewelers Dividend Announcement

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