Signet Jewelers Ltd. (NYSE:SIG) has earned an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $26.68.
A number of analysts recently commented on the company. Nomura dropped their price objective on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. Zacks Investment Research upgraded Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research report on Monday, August 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $22.00 price objective (down previously from $28.00) on shares of Signet Jewelers in a research report on Monday, June 3rd. Finally, Bank of America dropped their price objective on Signet Jewelers from $30.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, June 7th.
Signet Jewelers stock traded down $1.35 during midday trading on Friday, reaching $12.49. 2,341,236 shares of the company were exchanged, compared to its average volume of 2,219,221. The company has a market capitalization of $722.32 million, a price-to-earnings ratio of 3.36, a P/E/G ratio of 0.71 and a beta of 0.93. The firm’s 50-day simple moving average is $16.25 and its 200-day simple moving average is $21.43. Signet Jewelers has a 1 year low of $11.51 and a 1 year high of $71.07. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.31 and a current ratio of 2.07.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.32. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Signet Jewelers had a positive return on equity of 16.90% and a negative net margin of 2.76%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. On average, analysts forecast that Signet Jewelers will post 3.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 11.85%. The ex-dividend date is Thursday, August 1st. Signet Jewelers’s dividend payout ratio (DPR) is 39.78%.
Institutional investors and hedge funds have recently bought and sold shares of the business. CenterStar Asset Management LLC grew its holdings in Signet Jewelers by 136.0% in the 2nd quarter. CenterStar Asset Management LLC now owns 1,660 shares of the company’s stock valued at $29,000 after buying an additional 6,270 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Signet Jewelers by 105.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock valued at $35,000 after buying an additional 1,000 shares during the period. Point72 Asset Management L.P. purchased a new stake in Signet Jewelers in the 2nd quarter valued at about $43,000. Nisa Investment Advisors LLC grew its holdings in Signet Jewelers by 60.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,700 shares of the company’s stock valued at $100,000 after buying an additional 1,400 shares during the period. Finally, Point72 Hong Kong Ltd grew its holdings in Signet Jewelers by 77.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,817 shares of the company’s stock valued at $86,000 after buying an additional 2,098 shares during the period. Institutional investors own 99.56% of the company’s stock.
About Signet Jewelers
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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