Brokerages Set Signet Jewelers Ltd. (SIG) Price Target at $54.07

Shares of Signet Jewelers Ltd. (NYSE:SIG) have been assigned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $54.07.

A number of research analysts have weighed in on SIG shares. Zacks Investment Research reissued a “hold” rating on shares of Signet Jewelers in a research report on Thursday, November 15th. Citigroup raised shares of Signet Jewelers from a “sell” rating to a “neutral” rating in a research report on Friday, October 26th. ValuEngine lowered shares of Signet Jewelers from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Telsey Advisory Group reissued a “market perform” rating and set a $69.00 target price (up previously from $63.00) on shares of Signet Jewelers in a research report on Friday, August 31st. Finally, Wells Fargo & Co boosted their target price on shares of Signet Jewelers from $50.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 31st.

Shares of SIG stock traded up $0.96 on Friday, hitting $52.57. The company’s stock had a trading volume of 1,910 shares, compared to its average volume of 1,069,981. The company has a current ratio of 2.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48. Signet Jewelers has a fifty-two week low of $33.11 and a fifty-two week high of $71.07. The firm has a market cap of $2.68 billion, a PE ratio of 8.09, a PEG ratio of 1.88 and a beta of 0.91.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, August 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.32. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned $1.33 EPS. Signet Jewelers’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts forecast that Signet Jewelers will post 4.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 2nd will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, November 1st. This represents a $1.48 annualized dividend and a dividend yield of 2.82%. Signet Jewelers’s payout ratio is 22.73%.

Large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC increased its holdings in shares of Signet Jewelers by 69.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 64,016 shares of the company’s stock worth $3,569,000 after purchasing an additional 26,285 shares during the period. Wells Fargo & Company MN increased its stake in Signet Jewelers by 3.8% in the second quarter. Wells Fargo & Company MN now owns 368,593 shares of the company’s stock valued at $20,550,000 after acquiring an additional 13,645 shares during the period. Bank of New York Mellon Corp increased its stake in Signet Jewelers by 11.9% in the second quarter. Bank of New York Mellon Corp now owns 697,621 shares of the company’s stock valued at $38,892,000 after acquiring an additional 74,022 shares during the period. Swiss National Bank increased its stake in Signet Jewelers by 2.8% in the second quarter. Swiss National Bank now owns 102,800 shares of the company’s stock valued at $5,731,000 after acquiring an additional 2,800 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in Signet Jewelers in the second quarter valued at about $214,000.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.

Recommended Story: Call Option

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply