Signet Jewelers (NYSE:SIG) PT Raised to $110.00 at Wells Fargo & Company

Signet Jewelers (NYSE:SIG - Free Report) had its target price boosted by Wells Fargo & Company from $105.00 to $110.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also recently commented on the company. Telsey Advisory Group reissued a "market perform" rating and set a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, October 2nd. Bank of America lowered their price target on Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, September 13th. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a report on Monday. Finally, UBS Group lowered their price target on Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $109.60.

Signet Jewelers Stock Down 2.1 %

Shares of NYSE:SIG traded down $2.02 during trading on Wednesday, reaching $93.64. 1,314,828 shares of the company traded hands, compared to its average volume of 820,108. The company's 50 day moving average is $89.64 and its two-hundred day moving average is $91.96. The firm has a market capitalization of $4.18 billion, a PE ratio of 7.61, a PEG ratio of 1.14 and a beta of 2.10. Signet Jewelers has a 52 week low of $67.18 and a 52 week high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company's revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 EPS. As a group, research analysts anticipate that Signet Jewelers will post 10.8 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. Signet Jewelers's payout ratio is presently 9.43%.

Insiders Place Their Bets

In other Signet Jewelers news, insider Oded Edelman sold 9,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total value of $670,950.00. Following the completion of the transaction, the insider now owns 28,398 shares of the company's stock, valued at $2,117,070.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the sale, the insider now owns 200,844 shares of the company's stock, valued at approximately $18,993,817.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Oded Edelman sold 9,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total value of $670,950.00. Following the completion of the sale, the insider now directly owns 28,398 shares of the company's stock, valued at approximately $2,117,070.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,957 shares of company stock valued at $5,910,256 in the last 90 days. Corporate insiders own 3.26% of the company's stock.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently made changes to their positions in SIG. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers in the second quarter valued at about $51,000. Hexagon Capital Partners LLC boosted its position in shares of Signet Jewelers by 33.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock valued at $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company's stock valued at $82,000 after purchasing an additional 122 shares in the last quarter. CWM LLC boosted its position 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 in the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Signet Jewelers during the 2nd quarter valued at about $180,000.

Signet Jewelers Company Profile

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.