Signet Jewelers Ltd. (NYSE:SIG) saw unusually-high trading volume on Tuesday . Approximately 1,048,891 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 1,094,647 shares.The stock last traded at $94.49 and had previously closed at $92.41.

SIG has been the subject of several recent research reports. Zacks Investment Research lowered shares of Signet Jewelers from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Deutsche Bank AG lowered their price objective on shares of Signet Jewelers from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday. Telsey Advisory Group reissued a “buy” rating on shares of Signet Jewelers in a research note on Sunday, May 29th. Nomura lowered their price objective on shares of Signet Jewelers from $169.00 to $148.00 and set a “buy” rating for the company in a research note on Tuesday, May 31st. Finally, Wells Fargo & Co. reissued an “outperform” rating and issued a $144.00 price objective on shares of Signet Jewelers in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $136.14.

The firm has a market cap of $7.41 billion and a price-to-earnings ratio of 15.18. The company’s 50-day moving average price is $88.58 and its 200 day moving average price is $100.16.

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, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.01. During the same period in the prior year, the company posted $1.62 earnings per share. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Signet Jewelers Ltd. will post $8.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, July 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, July 27th.

In related news, COO Edward Hrabak bought 400 shares of the company’s stock in a transaction on Monday, June 13th. The shares were purchased at an average cost of $88.25 per share, with a total value of $35,300.00. Following the completion of the transaction, the chief operating officer now directly owns 15,363 shares of the company’s stock, valued at $1,355,784.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia Drosos bought 1,135 shares of the company’s stock in a transaction on Friday, June 10th. The stock was bought at an average cost of $88.23 per share, for a total transaction of $100,141.05. Following the completion of the transaction, the director now directly owns 7,221 shares of the company’s stock, valued at $637,108.83. The disclosure for this purchase can be found here.

A number of large investors recently modified their holdings of 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. Employees Retirement System of Texas raised its stake 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 valued at $5,813,000 after buying an additional 19,000 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. 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, BlackRock Advisors LLC raised its stake 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 valued at $15,084,000 after buying an additional 34,104 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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