Signet Jewelers Limited (NYSE:SIG) Receives $109.60 Consensus Target Price from Analysts

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $109.60.

Several equities analysts have weighed in on SIG shares. Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Bank of America decreased their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, September 13th. UBS Group decreased their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. StockNews.com upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $87.00 target price on shares of Signet Jewelers in a report on Wednesday, October 2nd.

Insider Transactions at Signet Jewelers

In other news, CEO Virginia Drosos sold 3,475 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total value of $353,303.25. Following the transaction, the chief executive officer now directly owns 775,345 shares in the company, valued at approximately $78,829,326.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Oded Edelman sold 9,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00. Following the sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Virginia Drosos sold 3,475 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the sale, the chief executive officer now directly owns 775,345 shares in the company, valued at approximately $78,829,326.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,957 shares of company stock worth $5,910,256. 3.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Signet Jewelers

Several large investors have recently added to or reduced their stakes in the business. Select Equity Group L.P. increased its stake in Signet Jewelers by 2.9% during the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company's stock worth $622,562,000 after buying an additional 193,977 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Signet Jewelers by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company's stock valued at $213,809,000 after purchasing an additional 149,934 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Signet Jewelers by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company's stock valued at $185,347,000 after purchasing an additional 126,726 shares in the last quarter. Eminence Capital LP raised its holdings in shares of Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company's stock valued at $75,644,000 after purchasing an additional 351,588 shares in the last quarter. Finally, Anomaly Capital Management LP raised its holdings in shares of Signet Jewelers by 12.4% in the 2nd quarter. Anomaly Capital Management LP now owns 691,451 shares of the company's stock valued at $61,940,000 after purchasing an additional 76,534 shares in the last quarter.

Signet Jewelers Price Performance

SIG traded down $0.86 on Thursday, reaching $91.68. 1,033,510 shares of the company's stock were exchanged, compared to its average volume of 814,615. The stock has a market cap of $4.04 billion, a PE ratio of 10.61, a P/E/G ratio of 1.04 and a beta of 2.10. Signet Jewelers has a twelve month low of $67.18 and a twelve month high of $112.06. The stock's fifty day moving average price is $91.51 and its 200-day moving average price is $91.70.

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

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.27%. Signet Jewelers's dividend payout ratio is currently 13.43%.

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.