Signet Jewelers Limited (NYSE:SIG) Receives $108.60 Average PT from Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $108.60.

SIG has been the topic of a number of research analyst reports. 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 note on Tuesday, August 27th. Telsey Advisory Group restated a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a research note on Wednesday, October 2nd. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Thursday. Bank of America dropped their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Finally, UBS Group decreased their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th.

Insider Buying and Selling

In other news, insider Mary Elizabeth Finn sold 8,000 shares of Signet Jewelers stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $86.94, for a total transaction of $695,520.00. Following the sale, the insider now directly owns 54,821 shares of the company’s stock, valued at approximately $4,766,137.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Oded Edelman sold 1,398 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $94.53, for a total transaction of $132,152.94. Following the completion of the sale, the insider now owns 32,666 shares in the company, valued at approximately $3,087,916.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mary Elizabeth Finn sold 8,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $86.94, for a total value of $695,520.00. Following the sale, the insider now owns 54,821 shares of the company’s stock, valued at $4,766,137.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,892 shares of company stock worth $6,536,982. Company insiders own 3.26% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Creative Planning lifted its holdings in Signet Jewelers by 26.0% during the 3rd quarter. Creative Planning now owns 9,827 shares of the company’s stock worth $1,014,000 after purchasing an additional 2,029 shares in the last quarter. CX Institutional bought a new position in shares of Signet Jewelers during the 3rd quarter valued at about $3,264,000. Ritholtz Wealth Management grew its position in Signet Jewelers by 4.9% during the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock worth $254,000 after acquiring an additional 115 shares during the last quarter. CWM LLC grew its position in Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock worth $118,000 after acquiring an additional 734 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in Signet Jewelers by 36.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,400 shares of the company’s stock worth $1,279,000 after acquiring an additional 3,300 shares during the last quarter.

Signet Jewelers Stock Down 0.6 %

Shares of Signet Jewelers stock opened at $96.16 on Friday. Signet Jewelers has a 12-month low of $67.18 and a 12-month high of $112.06. The stock has a market cap of $4.29 billion, a P/E ratio of 7.82, a P/E/G ratio of 1.12 and a beta of 2.10. The business’s 50 day moving average is $86.25 and its 200-day moving average is $92.11.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The business’s revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts expect that Signet Jewelers will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, October 25th. 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.