SIG has been the topic of several other research reports. Wells Fargo & Company reissued an outperform rating and set a $109.00 target price (up previously from $102.50) on shares of Signet Jewelers Limited in a report on Monday, November 28th. Zacks Investment Research raised Signet Jewelers Limited from a hold rating to a buy rating and set a $110.00 target price on the stock in a report on Saturday, December 10th. Vetr cut Signet Jewelers Limited from a hold rating to a sell rating and set a $86.00 target price on the stock. in a report on Monday, November 14th. Northcoast Research reissued a hold rating on shares of Signet Jewelers Limited in a report on Friday, January 20th. Finally, Citigroup Inc. reissued a neutral rating and set a $90.00 target price (up previously from $83.00) on shares of Signet Jewelers Limited in a report on Saturday, November 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $104.81.
Shares of Signet Jewelers Limited (NYSE:SIG) traded up 0.95% during mid-day trading on Thursday, hitting $74.18. The stock had a trading volume of 402,067 shares. Signet Jewelers Limited has a one year low of $70.79 and a one year high of $125.45. The firm has a 50 day moving average of $81.16 and a 200-day moving average of $84.59. The stock has a market cap of $5.16 billion, a P/E ratio of 11.10 and a beta of 1.20.
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Signet Jewelers Limited (NYSE:SIG) last announced its earnings results on Tuesday, November 22nd. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Signet Jewelers Limited had a return on equity of 19.67% and a net margin of 7.93%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts expect that Signet Jewelers Limited will post $7.42 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Friday, January 27th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, January 25th. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. Signet Jewelers Limited’s dividend payout ratio is currently 15.88%.
A number of institutional investors have recently bought and sold shares of the company. Global Endowment Management LP boosted its position in Signet Jewelers Limited by 0.3% in the third quarter. Global Endowment Management LP now owns 3,510 shares of the company’s stock valued at $261,000 after buying an additional 10 shares during the last quarter. Calvert Investment Management Inc. boosted its position in Signet Jewelers Limited by 0.3% in the second quarter. Calvert Investment Management Inc. now owns 4,723 shares of the company’s stock valued at $389,000 after buying an additional 13 shares during the last quarter. Regentatlantic Capital LLC boosted its position in Signet Jewelers Limited by 0.9% in the third quarter. Regentatlantic Capital LLC now owns 5,007 shares of the company’s stock valued at $373,000 after buying an additional 45 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Signet Jewelers Limited by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,763 shares of the company’s stock valued at $474,000 after buying an additional 100 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Signet Jewelers Limited by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,788 shares of the company’s stock valued at $449,000 after buying an additional 101 shares during the last quarter.
Signet Jewelers Limited Company Profile
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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