Signet Jewelers Limited (NYSE:SIG) Receives Average Rating of "Moderate Buy" from Analysts

Signet Jewelers Limited (NYSE:SIG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $121.20.

Several analysts have recently commented on the stock. Citigroup reaffirmed a "buy" rating and set a $119.00 price objective on shares of Signet Jewelers in a research report on Friday, June 14th. Bank of America reduced their price objective on shares of Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Thursday, March 21st. UBS Group raised their price objective on shares of Signet Jewelers from $128.00 to $152.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $110.00 price objective on shares of Signet Jewelers in a research report on Thursday, June 13th. Finally, StockNews.com downgraded shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Saturday, April 27th.

Signet Jewelers Trading Up 0.4 %

NYSE:SIG traded up $0.36 on Friday, reaching $89.56. 907,478 shares of the stock traded hands, compared to its average volume of 769,019. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.95 and a beta of 2.12. The company's 50 day moving average is $98.66 and its 200-day moving average is $99.84. Signet Jewelers has a 1-year low of $64.01 and a 1-year high of $112.06.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.29. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The company's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. On average, equities research analysts forecast that Signet Jewelers will post 10.6 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, July 26th. Signet Jewelers's payout ratio is currently 9.43%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, CAO Vincent Ciccolini sold 4,000 shares of the firm's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the transaction, the chief accounting officer now directly owns 46,076 shares in the company, valued at approximately $4,683,164.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Signet Jewelers news, Director H. Todd Stitzer sold 10,000 shares of the firm's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $100.09, for a total transaction of $1,000,900.00. Following the transaction, the director now directly owns 41,678 shares in the company, valued at approximately $4,171,551.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Vincent Ciccolini sold 4,000 shares of the firm's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $101.64, for a total value of $406,560.00. Following the transaction, the chief accounting officer now owns 46,076 shares in the company, valued at $4,683,164.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,000 shares of company stock worth $2,925,010. Corporate insiders own 3.26% of the company's stock.

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds have recently made changes to their positions in SIG. Eminence Capital LP bought a new stake in shares of Signet Jewelers during the 3rd quarter worth $40,962,000. Norges Bank bought a new stake in shares of Signet Jewelers during the 4th quarter worth $52,976,000. Pacer Advisors Inc. raised its stake in shares of Signet Jewelers by 38.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,262,773 shares of the company's stock worth $135,445,000 after purchasing an additional 349,771 shares during the period. Janus Henderson Group PLC raised its stake in shares of Signet Jewelers by 38.2% during the 1st quarter. Janus Henderson Group PLC now owns 656,005 shares of the company's stock worth $65,646,000 after purchasing an additional 181,207 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Signet Jewelers by 42.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 394,365 shares of the company's stock worth $42,300,000 after purchasing an additional 118,275 shares during the period.

About Signet Jewelers

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.