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

Signet Jewelers Limited (NYSE:SIG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $109.60.

SIG has been the topic of several research reports. Telsey Advisory Group restated a "market perform" rating and set a $87.00 price objective on shares of Signet Jewelers in a report on Thursday, December 5th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company increased their target price on Signet Jewelers from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd.

Signet Jewelers Stock Performance

Shares of NYSE SIG traded down $17.61 during trading on Tuesday, hitting $56.43. The company had a trading volume of 6,652,760 shares, compared to its average volume of 2,110,294. Signet Jewelers has a 12 month low of $54.44 and a 12 month high of $112.06. The firm has a market capitalization of $2.45 billion, a P/E ratio of 6.49, a price-to-earnings-growth ratio of 1.04 and a beta of 2.13. The stock has a 50 day simple moving average of $88.69 and a 200 day simple moving average of $88.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, analysts anticipate that Signet Jewelers will post 9.88 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers's payout ratio is currently 13.35%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 4,237 shares of Signet Jewelers stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $100.10, for a total value of $424,123.70. Following the transaction, the insider now directly owns 38,821 shares in the company, valued at approximately $3,885,982.10. This trade represents a 9.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the transaction, the director now directly owns 26,085 shares in the company, valued at $2,598,848.55. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,570 shares of company stock worth $1,512,750 over the last quarter. 3.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors have recently modified their holdings of the company. Khrom Capital Management LLC acquired a new position in shares of Signet Jewelers in the 2nd quarter valued at $58,357,000. Eminence Capital LP increased its position in Signet Jewelers by 71.3% in the second quarter. Eminence Capital LP now owns 844,428 shares of the company's stock worth $75,644,000 after buying an additional 351,588 shares during the period. Select Equity Group L.P. boosted its position 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 acquiring an additional 193,977 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Signet Jewelers by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company's stock valued at $213,809,000 after acquiring an additional 149,934 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Signet Jewelers by 6.5% during 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.

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.