Signet Jewelers (NYSE:SIG) Stock Price Down 3.2% – What’s Next?

Signet Jewelers Limited (NYSE:SIG) shares were down 3.2% during trading on Thursday . The stock traded as low as $77.77 and last traded at $78.14. Approximately 319,934 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 857,751 shares. The stock had previously closed at $80.71.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a report on Thursday, December 5th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Bank of America lowered their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Finally, UBS Group lowered their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

Signet Jewelers Stock Performance

The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 1.04 and a beta of 2.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The stock’s 50-day moving average is $91.28 and its 200-day moving average is $88.82.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. Signet Jewelers’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. Analysts anticipate that Signet Jewelers Limited will post 9.88 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be given a $0.29 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a dividend yield of 1.49%. Signet Jewelers’s dividend payout ratio is presently 13.35%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $99.63, for a total transaction of $332,066.79. Following the completion of the sale, the director now owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. The trade was a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the transaction, the insider now owns 200,844 shares in the company, valued at approximately $18,993,817.08. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,170 shares of company stock worth $1,573,500. 3.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Signet Jewelers

Several large investors have recently made changes to their positions in SIG. Allspring Global Investments Holdings LLC lifted its position in Signet Jewelers by 17.9% during the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Signet Jewelers by 6.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,168 shares of the company’s stock valued at $911,000 after purchasing an additional 614 shares in the last quarter. Van ECK Associates Corp purchased a new stake in Signet Jewelers during the 2nd quarter worth $1,797,000. Natixis Advisors LLC lifted its holdings in Signet Jewelers by 6.8% in the 2nd quarter. Natixis Advisors LLC now owns 105,855 shares of the company’s stock worth $9,482,000 after buying an additional 6,771 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its holdings in Signet Jewelers by 94.7% in the 2nd quarter. Simon Quick Advisors LLC now owns 6,429 shares of the company’s stock worth $576,000 after buying an additional 3,127 shares in the last quarter.

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.