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

Signet Jewelers Limited (NYSE:SIG - Get Free Report) has been given an average rating of "Moderate Buy" by the five brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $109.60.

A number of brokerages recently issued reports on SIG. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. UBS Group dropped their price objective on Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company lifted 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. Bank of America reduced their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $87.00 price objective on shares of Signet Jewelers in a research report on Thursday, December 5th.

Insider Buying and Selling

In other news, insider Oded Edelman sold 1,398 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $94.53, for a total value of $132,152.94. Following the completion of the sale, the insider now owns 32,666 shares of the company's stock, valued at approximately $3,087,916.98. This represents a 4.10 % 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, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 26,085 shares in the company, valued at approximately $2,598,848.55. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,194 shares of company stock worth $4,251,906 in the last ninety days. Company insiders own 3.26% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Khrom Capital Management LLC bought a new stake in shares of Signet Jewelers in the 2nd quarter valued at $58,357,000. Eminence Capital LP increased its stake 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 acquiring an additional 351,588 shares in the last quarter. Select Equity Group L.P. raised its holdings in shares of Signet Jewelers by 2.9% during the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company's stock valued at $622,562,000 after purchasing an additional 193,977 shares during the period. Dimensional Fund Advisors LP grew its stake 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 buying an additional 149,934 shares during the period. Finally, Pacer Advisors Inc. increased its position in 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 buying an additional 126,726 shares in the last quarter.

Signet Jewelers Stock Performance

Shares of NYSE:SIG traded up $1.66 on Friday, reaching $81.14. 4,133,537 shares of the company's stock were exchanged, compared to its average volume of 858,706. Signet Jewelers has a twelve month low of $72.26 and a twelve month high of $112.06. The company has a fifty day moving average of $94.31 and a 200-day moving average of $90.30. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.04 and a beta of 2.10. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $0.24 earnings per share. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. On average, research analysts predict that Signet Jewelers will post 9.88 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, January 24th. Signet Jewelers's dividend payout ratio is currently 13.35%.

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.