Signet Jewelers Ltd. (NYSE:SIG) rose 4.1% on Thursday . The stock traded as high as $90.85 and last traded at $90.63, with a volume of 979,372 shares. The stock had previously closed at $87.07.

SIG has been the topic of several recent research reports. Zacks Investment Research downgraded Signet Jewelers from a “hold” rating to a “sell” rating in a report on Wednesday. Telsey Advisory Group restated a “buy” rating on shares of Signet Jewelers in a report on Sunday, May 29th. Nomura cut their price target on Signet Jewelers from $169.00 to $148.00 and set a “buy” rating on the stock in a report on Tuesday, May 31st. Wells Fargo & Co. restated an “outperform” rating and set a $144.00 price target on shares of Signet Jewelers in a report on Thursday, May 26th. Finally, Cowen and Company restated an “outperform” rating and set a $130.00 price target on shares of Signet Jewelers in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the company’s stock. Signet Jewelers presently has a consensus rating of “Buy” and a consensus price target of $135.85.

The firm has a 50 day moving average price of $86.57 and a 200-day moving average price of $101.44. The company has a market capitalization of $7.12 billion and a P/E ratio of 14.58.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, July 27th.

In other Signet Jewelers news, Director Virginia Drosos bought 1,135 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were acquired at an average cost of $88.23 per share, with a total value of $100,141.05. Following the completion of the transaction, the director now owns 7,221 shares in the company, valued at $637,108.83. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director H. Todd Stitzer bought 3,480 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average cost of $86.25 per share, for a total transaction of $300,150.00. Following the completion of the transaction, the director now owns 10,852 shares of the company’s stock, valued at approximately $935,985. The disclosure for this purchase can be found here.

Other hedge funds have recently made changes to their positions in the company. I.G. Investment Management LTD. raised its stake 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 valued at $1,831,000 after buying an additional 2,900 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Signet Jewelers by 6.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 48,500 shares of the company’s stock valued at $5,999,000 after buying an additional 3,000 shares in the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of Signet Jewelers by 26.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 15,398 shares of the company’s stock valued at $2,273,000 after buying an additional 3,220 shares in the last quarter. Nicholas Co. Inc. WI raised its stake 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 valued at $12,179,000 after buying an additional 15,910 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Signet Jewelers by 8.4% in the fourth quarter. Wells Fargo & Company MN now owns 239,570 shares of the company’s stock valued at $29,633,000 after buying an additional 18,559 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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