Signet Jewelers (NYSE:SIG) Reaches New 12-Month Low - Time to Sell?

Signet Jewelers Limited (NYSE:SIG - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $53.26 and last traded at $53.30, with a volume of 183504 shares traded. The stock had previously closed at $54.79.

Wall Street Analyst Weigh In

SIG has been the topic of several analyst reports. Bank of America dropped their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Telsey Advisory Group cut their target price on shares of Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, January 15th. StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company cut their target price on shares of Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Signet Jewelers currently has a consensus rating of "Moderate Buy" and an average target price of $95.20.

Signet Jewelers Trading Up 0.8 %

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 stock has a market capitalization of $2.37 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 3.47 and a beta of 2.11. The firm's fifty day simple moving average is $72.42 and its 200 day simple moving average is $83.96.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business earned $0.24 earnings per share. Signet Jewelers's quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently announced 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. This represents a $1.16 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, January 24th. Signet Jewelers's dividend payout ratio is currently 13.35%.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Signet Jewelers by 1.0% during the 3rd quarter. State Street Corp now owns 1,756,075 shares of the company's stock valued at $181,122,000 after purchasing an additional 16,912 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Signet Jewelers by 18.9% during the 4th quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock valued at $92,852,000 after purchasing an additional 182,948 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Signet Jewelers by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 676,289 shares of the company's stock valued at $54,583,000 after purchasing an additional 6,393 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Signet Jewelers by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 338,247 shares of the company's stock valued at $27,300,000 after purchasing an additional 6,542 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Signet Jewelers by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company's stock valued at $32,061,000 after purchasing an additional 3,238 shares during the last quarter.

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.