Signet Jewelers (NYSE:SIG) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Signet Jewelers Limited (NYSE:SIG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.26 and traded as high as $90.66. Signet Jewelers shares last traded at $89.9690, with a volume of 933,741 shares.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SIG. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a report on Friday, May 29th. UBS Group lowered their target price on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Wells Fargo & Company restated a “mixed” rating on shares of Signet Jewelers in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada raised Signet Jewelers to a “hold” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.88.

Signet Jewelers Price Performance

The company’s 50 day simple moving average is $84.44 and its 200 day simple moving average is $88.29. The company has a market capitalization of $3.60 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.18. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. The company’s revenue was up .8% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities analysts forecast that Signet Jewelers Limited will post 10.57 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Signet Jewelers’s payout ratio is 13.46%.

Hedge Funds Weigh In On Signet Jewelers

Large investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. acquired a new stake in shares of Signet Jewelers during the fourth quarter worth about $31,000. Farther Finance Advisors LLC lifted its holdings in shares of Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after purchasing an additional 124 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Signet Jewelers by 101.0% in the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after purchasing an additional 198 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers in the 4th quarter valued at about $39,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Signet Jewelers by 111.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after buying an additional 333 shares during the last quarter.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.