Signet Jewelers Ltd. (SIG) Shares Up 4.1%
Signet Jewelers Ltd. (NYSE:SIG)’s share price shot up 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 changing hands. The stock had previously closed at $87.07.
Several research firms have recently weighed in on SIG. Telsey Advisory Group restated a “buy” rating on shares of Signet Jewelers in a research report on Sunday, May 29th. Citigroup Inc. decreased their target price on Signet Jewelers from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Wells Fargo & Co. restated an “outperform” rating and issued a $144.00 target price on shares of Signet Jewelers in a research report on Thursday, May 26th. Zacks Investment Research upgraded Signet Jewelers from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Friday, May 27th. Finally, Nomura decreased their target price on Signet Jewelers from $169.00 to $148.00 and set a “buy” rating on the stock in a research report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $135.85.
The stock has a market capitalization of $7.07 billion and a price-to-earnings ratio of 14.48. The firm’s 50 day moving average price is $86.44 and its 200 day moving average price is $101.64.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, May 26th. The company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.01. During the same period last year, the firm earned $1.62 EPS. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Signet Jewelers’s revenue was up 2.9% compared to the same quarter last year. Equities analysts predict that Signet Jewelers Ltd. will post $8.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, July 27th.
In related news, Director H. Todd Stitzer bought 3,480 shares of Signet Jewelers stock in a transaction that occurred on Tuesday, June 7th. The shares were purchased at an average price of $86.25 per share, with a total value of $300,150.00. Following the purchase, the director now owns 10,852 shares in the company, valued at $935,985. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Edward Hrabak bought 400 shares of Signet Jewelers stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $35,300.00. Following the purchase, the chief operating officer now owns 15,363 shares in the company, valued at approximately $1,355,784.75. The disclosure for this purchase can be found here.
A number of large investors recently bought and sold shares of the stock. BlackRock Advisors LLC raised its stake in 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 last quarter. Nicholas Co. Inc. WI raised its stake in 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 last quarter. Employees Retirement System of Texas raised its stake in 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 last quarter. Jennison Associates LLC raised its stake in 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 last quarter. Finally, I.G. Investment Management LTD. raised its stake in 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 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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