Signet Jewelers Ltd. (NYSE:SIG) Given Average Rating of “Hold” by Analysts

Signet Jewelers Ltd. (NYSE:SIG) has received a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.29.

SIG has been the topic of a number of research reports. Citigroup lowered their price target on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating on the stock in a report on Friday, September 6th. Zacks Investment Research raised Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a report on Monday, August 12th. Bank of America lowered their price target on Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Finally, ValuEngine raised Signet Jewelers from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of NYSE SIG traded up $0.12 during midday trading on Monday, reaching $15.41. 2,072,587 shares of the company were exchanged, compared to its average volume of 2,224,032. The company has a current ratio of 2.10, a quick ratio of 0.37 and a debt-to-equity ratio of 1.95. Signet Jewelers has a 1 year low of $10.40 and a 1 year high of $62.26. The stock has a fifty day simple moving average of $15.77 and a 200 day simple moving average of $18.17. The stock has a market cap of $806.89 million, a P/E ratio of 4.14, a PEG ratio of 0.79 and a beta of 1.02.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.26. Signet Jewelers had a positive return on equity of 17.75% and a negative net margin of 2.99%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company posted $0.52 earnings per share. The business’s revenue was down 3.9% on a year-over-year basis. As a group, analysts forecast that Signet Jewelers will post 3.09 earnings per share for the current year.

The firm also recently disclosed a — dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a $0.37 dividend. This represents a yield of 10.5%. The ex-dividend date of this dividend is Thursday, October 31st. Signet Jewelers’s dividend payout ratio is presently 39.78%.

In other Signet Jewelers news, CFO Joan M. Hilson acquired 7,500 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $14.46 per share, with a total value of $108,450.00. Following the acquisition, the chief financial officer now owns 33,127 shares of the company’s stock, valued at $479,016.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Virginia Drosos acquired 4,000 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $14.14 per share, for a total transaction of $56,560.00. Following the acquisition, the chief executive officer now directly owns 232,181 shares in the company, valued at approximately $3,283,039.34. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its stake in shares of Signet Jewelers by 4,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,300 shares of the company’s stock worth $206,000 after acquiring an additional 12,000 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Signet Jewelers by 84.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 68,224 shares of the company’s stock worth $1,143,000 after acquiring an additional 31,213 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Signet Jewelers during the 3rd quarter worth approximately $725,000. State of Alaska Department of Revenue purchased a new stake in shares of Signet Jewelers during the 3rd quarter worth approximately $670,000. Finally, Atria Investments LLC purchased a new stake in shares of Signet Jewelers during the 2nd quarter worth approximately $71,822,000.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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