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

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have been given an average rating of "Moderate Buy" by the five research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $81.60.

Several analysts recently commented on the company. Wells Fargo & Company lowered their target price on Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Telsey Advisory Group reissued a "market perform" rating and set a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, UBS Group upped their price target on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th.

Insider Activity

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Kevin Symancyk bought 15,000 shares of the company's stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $57.45 per share, for a total transaction of $861,750.00. Following the completion of the transaction, the chief executive officer now owns 50,710 shares of the company's stock, valued at $2,913,289.50. This represents a 42.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.26% of the company's stock.

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Institutional Investors Weigh In On Signet Jewelers

Institutional investors have recently bought and sold shares of the business. PKO Investment Management Joint Stock Co acquired a new stake in shares of Signet Jewelers during the fourth quarter worth approximately $565,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Signet Jewelers during the 4th quarter valued at $297,000. Mackenzie Financial Corp grew its holdings in shares of Signet Jewelers by 4.9% during the 4th quarter. Mackenzie Financial Corp now owns 15,227 shares of the company's stock valued at $1,229,000 after acquiring an additional 706 shares in the last quarter. MidWestOne Financial Group Inc. raised its holdings in shares of Signet Jewelers by 22.3% during the fourth quarter. MidWestOne Financial Group Inc. now owns 24,372 shares of the company's stock worth $1,967,000 after acquiring an additional 4,436 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Signet Jewelers by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,609 shares of the company's stock valued at $9,008,000 after purchasing an additional 13,769 shares during the last quarter.

Signet Jewelers Stock Performance

NYSE SIG traded down $7.03 during trading hours on Friday, reaching $53.50. The company's stock had a trading volume of 637,706 shares, compared to its average volume of 1,108,126. The stock has a market cap of $2.29 billion, a PE ratio of 6.16, a PEG ratio of 3.43 and a beta of 2.20. The business has a 50-day simple moving average of $54.55 and a 200 day simple moving average of $77.16. Signet Jewelers has a 52 week low of $45.55 and a 52 week high of $112.06. 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 quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping analysts' consensus estimates of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter last year, the company earned $6.73 EPS. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. Equities research analysts predict that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.39%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. Signet Jewelers's dividend payout ratio (DPR) is presently -168.42%.

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.