Signet Jewelers Ltd. (NYSE:SIG) shares gapped up prior to trading on Friday . The stock had previously closed at $86.02, but opened at $86.21. Signet Jewelers shares last traded at $86.81, with a volume of 485,275 shares changing hands.

A number of brokerages have issued reports on SIG. Telsey Advisory Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Sunday, May 29th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Thursday, May 12th. Zacks Investment Research cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Citigroup Inc. dropped their target price on shares of Signet Jewelers from $145.00 to $125.00 and set a “buy” rating for the company in a report on Friday, May 27th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Signet Jewelers in a report on Monday, June 20th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Signet Jewelers currently has a consensus rating of “Buy” and a consensus target price of $135.85.

The firm’s 50-day moving average price is $86.11 and its 200 day moving average price is $102.58. The company has a market cap of $6.79 billion and a P/E ratio of 13.90.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, May 26th. The company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.01. The company earned $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. Equities research analysts expect that Signet Jewelers Ltd. will post $8.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, July 27th.

In other Signet Jewelers news, Director H. Todd Stitzer bought 3,480 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was acquired at an average cost of $86.25 per share, with a total value of $300,150.00. Following the completion of the purchase, the director now directly owns 10,852 shares in the company, valued at $935,985. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Edward Hrabak bought 400 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average cost of $88.25 per share, with a total value of $35,300.00. Following the completion of the purchase, the chief operating officer now owns 15,363 shares of the company’s stock, valued at $1,355,784.75. The disclosure for this purchase can be found here.

A number of hedge funds have added to or reduced their stakes in the stock. BlackRock Advisors LLC raised its stake in Signet Jewelers by 38.8% in the fourth quarter. BlackRock Advisors LLC now owns 121,943 shares of the company’s stock valued at $15,084,000 after buying an additional 34,104 shares in the last quarter. Nicholas Co. Inc. WI raised its stake in Signet Jewelers by 19.3% in the fourth quarter. Nicholas Co. Inc. WI now owns 98,470 shares of the company’s stock valued at $12,179,000 after buying an additional 15,910 shares in the last quarter. Employees Retirement System of Texas raised its stake in Signet Jewelers by 67.9% in the fourth quarter. Employees Retirement System of Texas now owns 47,000 shares of the company’s stock valued at $5,813,000 after buying an additional 19,000 shares in the last quarter. Jennison Associates LLC raised its stake in Signet Jewelers by 8.6% in the fourth quarter. Jennison Associates LLC now owns 1,188,827 shares of the company’s stock valued at $147,046,000 after buying an additional 93,767 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its stake in Signet Jewelers by 24.4% in the fourth quarter. I.G. Investment Management LTD. now owns 14,800 shares of the company’s stock valued at $1,831,000 after buying an additional 2,900 shares in the last quarter.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.

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