Signet Jewelers Ltd. (SIG) Shares Up 4.2%
Signet Jewelers Ltd. (NYSE:SIG) shares shot up 4.2% during mid-day trading on Monday . The company traded as high as $87.78 and last traded at $87.78, with a volume of 2,072,829 shares traded. The stock had previously closed at $84.23.
A number of research firms recently issued reports on SIG. Royal Bank Of Canada decreased their price objective on Signet Jewelers from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, June 28th. Wells Fargo & Co. reiterated an “outperform” rating and set a $113.00 price objective on shares of Signet Jewelers in a report on Saturday, June 25th. Cowen and Company restated an “outperform” rating and issued a $130.00 price target on shares of Signet Jewelers in a research note on Monday, June 20th. Nomura Holdings Inc. restated a “buy” rating and issued a $148.00 price target on shares of Signet Jewelers in a research note on Thursday, June 9th. Finally, Bank of America Corp. restated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Signet Jewelers currently has an average rating of “Buy” and a consensus target price of $135.85.
The stock’s 50 day moving average price is $88.47 and its 200-day moving average price is $106.91. The firm has a market capitalization of $6.85 billion and a P/E ratio of 14.03.
Signet Jewelers (NYSE:SIG) last posted its 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 had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. Equities analysts anticipate that Signet Jewelers Ltd. will post $8.27 EPS for the current year.
The business 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 dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.18%.
In other Signet Jewelers news, Director H. Todd Stitzer acquired 3,480 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Uta Werner acquired 400 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was acquired at an average price of $84.46 per share, for a total transaction of $33,784.00. Following the transaction, the insider now directly owns 1,750 shares of the company’s stock, valued at approximately $147,805. The disclosure for this purchase can be found here.
Several large investors have modified their holdings of SIG. Jennison Associates LLC increased its stake 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. I.G. Investment Management LTD. increased 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 worth $1,831,000 after buying an additional 2,900 shares during the period. Carleon Capital Partners LLC acquired a new stake in shares of Signet Jewelers during the fourth quarter worth about $1,784,000. State of New Jersey Common Pension Fund D increased 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 worth $5,999,000 after buying an additional 3,000 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Signet Jewelers by 18.6% in the fourth quarter. Schroder Investment Management Group now owns 326,832 shares of the company’s stock worth $32,781,000 after buying an additional 51,264 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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