Signet Jewelers Limited (NYSE:SIG) Given Consensus Rating of “Moderate Buy” by Analysts

Signet Jewelers Limited (NYSE:SIG) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $81.60.

SIG has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Cfra Research upgraded Signet Jewelers to a “moderate buy” rating in a research report on Thursday, March 20th. Bank of America dropped their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Telsey Advisory Group reissued a “market perform” rating and set a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, UBS Group upped their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, March 20th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its position in shares of Signet Jewelers by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company’s stock worth $526,000 after purchasing an additional 205 shares in the last quarter. Versant Capital Management Inc raised its stake in Signet Jewelers by 40.5% during the first quarter. Versant Capital Management Inc now owns 773 shares of the company’s stock valued at $45,000 after buying an additional 223 shares during the last quarter. Franklin Resources Inc. boosted its stake in Signet Jewelers by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 34,122 shares of the company’s stock worth $3,330,000 after purchasing an additional 288 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Signet Jewelers by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,498 shares of the company’s stock worth $1,083,000 after buying an additional 330 shares in the last quarter. Finally, Xponance Inc. boosted its stake in Signet Jewelers by 12.2% during the 4th quarter. Xponance Inc. now owns 3,149 shares of the company’s stock valued at $254,000 after purchasing an additional 343 shares during the last quarter.

Signet Jewelers Stock Performance

NYSE:SIG opened at $54.75 on Friday. The stock has a market cap of $2.35 billion, a P/E ratio of 6.30, a PEG ratio of 3.43 and a beta of 2.20. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $54.31 and its two-hundred day moving average price is $76.63. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating 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 the consensus estimate of $2.33 billion. During the same period last year, the firm posted $6.73 earnings per share. Signet Jewelers’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities analysts predict that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently declared 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 is a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, April 25th. Signet Jewelers’s dividend payout ratio is currently -168.42%.

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.