Signet Jewelers Limited (NYSE:SIG) Given Average Recommendation of “Moderate Buy” by Analysts

Signet Jewelers Limited (NYSE:SIG) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $95.20.

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group decreased their target price on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday. Wells Fargo & Company decreased their target price on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday. Bank of America decreased their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th.

Insider Transactions at Signet Jewelers

In related news, insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were 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 of the company’s stock, valued at approximately $18,993,817.08. This represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 26,085 shares of the company’s stock, valued at $2,598,848.55. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. 3.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in Signet Jewelers in the 3rd quarter worth $25,000. Brown Brothers Harriman & Co. bought a new position in shares of Signet Jewelers during the 2nd quarter valued at about $51,000. Erste Asset Management GmbH bought a new position in shares of Signet Jewelers during the 3rd quarter valued at about $77,000. CWM LLC boosted its holdings in shares of Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after purchasing an additional 734 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock valued at $133,000 after purchasing an additional 263 shares during the last quarter.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $57.29 on Tuesday. Signet Jewelers has a twelve month low of $54.44 and a twelve month high of $112.06. The firm has a market cap of $2.49 billion, a P/E ratio of 6.59, a PEG ratio of 0.95 and a beta of 2.13. The company has a 50 day moving average of $85.61 and a 200 day moving average of $87.19. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

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

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be paid a $0.29 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a dividend yield of 2.02%. Signet Jewelers’s dividend payout ratio (DPR) is 13.35%.

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.