Signet Jewelers Ltd. (SIG) Shares Gap Up to $87.78
Signet Jewelers Ltd. (NYSE:SIG) gapped up before the market opened on Tuesday . The stock had previously closed at $87.19, but opened at $87.78. Signet Jewelers shares last traded at $88.99, with a volume of 1,107,716 shares trading hands.
Several equities research analysts have recently commented on the company. Telsey Advisory Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Sunday, May 29th. Citigroup Inc. reduced their target price on Signet Jewelers from $145.00 to $125.00 and set a “buy” rating for the company in a report on Friday, May 27th. Wells Fargo & Co. reaffirmed an “outperform” rating and set a $144.00 target price on shares of Signet Jewelers in a report on Thursday, May 26th. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Friday, May 27th. Finally, Nomura Holdings Inc. reduced their target price on Signet Jewelers from $169.00 to $148.00 and set a “buy” rating for the company in a report on Tuesday, May 31st. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $135.85.
The company’s 50-day moving average price is $87.92 and its 200 day moving average price is $106.78. The company has a market cap of $6.95 billion and a price-to-earnings ratio of 14.24.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, May 26th. The company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.01. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share. On average, equities research analysts expect that Signet Jewelers Ltd. will post $8.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, July 29th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, July 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%.
In other Signet Jewelers news, insider Uta Werner bought 400 shares of Signet Jewelers stock in a transaction on Tuesday, June 21st. The shares were purchased at an average cost of $84.46 per share, for a total transaction of $33,784.00. Following the completion of the acquisition, the insider now owns 1,750 shares in the company, valued at approximately $147,805. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Andrew Jenkins bought 325 shares of Signet Jewelers stock in a transaction on Tuesday, June 14th. The shares were acquired at an average price of $84.75 per share, for a total transaction of $27,543.75. Following the completion of the acquisition, the insider now owns 14,639 shares of the company’s stock, valued at approximately $1,240,655.25. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. World Asset Management Inc raised its position in Signet Jewelers by 2.0% in the fourth quarter. World Asset Management Inc now owns 8,735 shares of the company’s stock valued at $1,080,000 after buying an additional 174 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Signet Jewelers by 388.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,325 shares of the company’s stock valued at $1,277,000 after buying an additional 8,210 shares in the last quarter. ProShare Advisors LLC raised its position in Signet Jewelers by 6.4% in the fourth quarter. ProShare Advisors LLC now owns 11,602 shares of the company’s stock valued at $1,435,000 after buying an additional 698 shares in the last quarter. Financial Counselors Inc. raised its position in Signet Jewelers by 201.5% in the fourth quarter. Financial Counselors Inc. now owns 13,936 shares of the company’s stock valued at $1,724,000 after buying an additional 9,314 shares in the last quarter. Finally, Carleon Capital Partners LLC acquired a new position in Signet Jewelers during the fourth quarter valued at $1,784,000.
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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