Shares of Signet Jewelers Ltd. (NYSE:SIG) 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.

SIG has been the subject of several analyst reports. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Signet Jewelers in a report on Thursday, May 12th. Zacks Investment Research lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th. Wells Fargo & Co. restated an “outperform” rating and set a $144.00 price target on shares of Signet Jewelers in a research report on Thursday, May 26th. Telsey Advisory Group reduced their price target on shares of Signet Jewelers from $165.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Finally, Citigroup Inc. reduced their price target on shares of Signet Jewelers from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, May 27th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Signet Jewelers currently has an average rating of “Buy” and an average target price of $135.85.

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

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

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

In other Signet Jewelers news, insider Mark Andrew Jenkins bought 325 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was acquired at an average price of $84.75 per share, with a total value of $27,543.75. Following the transaction, the insider now owns 14,639 shares in the company, valued at $1,240,655.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Uta Werner bought 400 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was acquired at an average cost of $84.46 per share, with a total value of $33,784.00. Following the transaction, the insider now owns 1,750 shares in the company, valued at approximately $147,805. The disclosure for this purchase can be found here.

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

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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