UBS Group Cuts Signet Jewelers (NYSE:SIG) Price Target to $132.00

Signet Jewelers (NYSE:SIG) had its price target trimmed by UBS Group from $145.00 to $132.00 in a research report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

SIG has been the topic of a number of other research reports. Telsey Advisory Group dropped their price target on Signet Jewelers from $105.00 to $87.00 and set a market perform rating on the stock in a research report on Monday, September 9th. Citigroup reissued a buy rating and set a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. Wells Fargo & Company dropped their price target on Signet Jewelers from $125.00 to $105.00 and set an overweight rating on the stock in a research report on Tuesday, August 27th. Finally, StockNews.com cut Signet Jewelers from a buy rating to a hold rating in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $108.60.

Signet Jewelers Stock Up 4.8 %

Shares of Signet Jewelers stock opened at $91.14 on Wednesday. The stock’s fifty day moving average is $81.40 and its two-hundred day moving average is $92.26. The company has a market capitalization of $4.07 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.85 and a beta of 2.10. Signet Jewelers has a 52 week low of $65.12 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $1.55 EPS. Signet Jewelers’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, research analysts anticipate that Signet Jewelers will post 10.47 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, October 25th. Signet Jewelers’s dividend payout ratio (DPR) is currently 9.43%.

Insider Buying and Selling

In other Signet Jewelers news, insider Rebecca Wooters sold 3,000 shares of the 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 sale, the insider now directly owns 90,494 shares in the company, valued at $8,175,227.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Signet Jewelers news, insider Jamie Singleton sold 18,105 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $83.11, for a total value of $1,504,706.55. Following the completion of the sale, the insider now directly owns 162,942 shares in the company, valued at $13,542,109.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the insider now owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The disclosure for this sale can be found here. Insiders sold 57,439 shares of company stock worth $4,809,869 in the last three months. 3.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIG. BNP Paribas Financial Markets increased its holdings in shares of Signet Jewelers by 28.2% in the fourth quarter. BNP Paribas Financial Markets now owns 65,723 shares of the company’s stock valued at $7,049,000 after purchasing an additional 14,465 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Signet Jewelers by 9.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 3,809 shares of the company’s stock valued at $409,000 after purchasing an additional 317 shares during the period. Quadrant Capital Group LLC increased 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 purchasing an additional 544 shares during the period. Norges Bank acquired a new position in shares of Signet Jewelers in the fourth quarter valued at about $52,976,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Signet Jewelers by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $303,000 after purchasing an additional 156 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.