Signet Jewelers (NYSE:SIG) Hits New 1-Year Low - Here's Why

Signet Jewelers Limited (NYSE:SIG - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $59.67 and last traded at $61.08, with a volume of 1429714 shares changing hands. The stock had previously closed at $74.04.

Wall Street Analyst Weigh In

SIG has been the subject of a number of research reports. Telsey Advisory Group lowered their target price on Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday. StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Wells Fargo & Company cut their target price on Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Bank of America decreased their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $95.20.

Signet Jewelers Stock Down 4.0 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The firm has a fifty day simple moving average of $87.24 and a 200-day simple moving average of $87.61. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.95 and a beta of 2.13.

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

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be issued a $0.29 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 2.05%. Signet Jewelers's dividend payout ratio is presently 13.35%.

Insider Buying and Selling

In other Signet Jewelers news, insider Joan M. Hilson sold 8,000 shares of the company's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total value of $756,560.00. Following the completion of the transaction, the insider now owns 200,844 shares of the company's stock, valued at $18,993,817.08. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the completion of the transaction, the director now owns 26,085 shares of the company's stock, valued at approximately $2,598,848.55. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. 3.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Signet Jewelers

Hedge funds have recently made changes to their positions in the stock. Choreo LLC bought a new stake in shares of Signet Jewelers during the 2nd quarter valued at about $214,000. Envestnet Asset Management Inc. grew its position in shares of Signet Jewelers by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 21,962 shares of the company's stock worth $1,967,000 after buying an additional 1,100 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Signet Jewelers in the 2nd quarter valued at $51,000. Dimensional Fund Advisors LP lifted its position in shares of Signet Jewelers by 6.7% during the 2nd 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, Hsbc Holdings PLC acquired a new stake in Signet Jewelers in the second quarter worth $272,000.

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.