Signet Jewelers Ltd. (SIG) Sees Strong Trading Volume
Signet Jewelers Ltd. (NYSE:SIG) shares saw unusually-strong trading volume on Tuesday . Approximately 1,048,891 shares were traded during 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.
Several analysts have recently commented on SIG shares. Nomura reaffirmed a “buy” rating and set a $148.00 price objective on shares of Signet Jewelers in a research report on Thursday, June 9th. Bank of America Corp. reaffirmed a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, June 8th. Telsey Advisory Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research report on Sunday, May 29th. Citigroup Inc. reduced their price objective on shares of Signet Jewelers from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, May 27th. Finally, Zacks Investment Research raised shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Friday, May 27th. 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. Signet Jewelers presently has an average rating of “Buy” and a consensus price target of $136.14.
The firm’s 50-day moving average is $88.98 and its 200 day moving average is $100.13. The company has a market cap of $6.42 billion and a price-to-earnings ratio of 13.1549.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by $0.32. During the same period in the prior year, the firm earned $1.28 EPS. The business earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. The business’s revenue was down .8% on a year-over-year basis. On average, equities analysts anticipate that Signet Jewelers Ltd. will post $8.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, July 29th will be issued 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 1.09%.
In other Signet Jewelers news, insider Uta Werner bought 400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was bought at an average price of $84.46 per share, for a total transaction of $33,784.00. Following the completion of the acquisition, the insider now directly owns 1,750 shares in the company, valued at $147,805. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas G. Plaskett bought 300 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were acquired at an average price of $88.88 per share, with a total value of $26,664.00. Following the acquisition, the director now owns 16,407 shares of the company’s stock, valued at $1,458,254.16. The disclosure for this purchase can be found here.
Several institutional investors have made changes to their positions in the stock. BlackRock Advisors LLC increased its position 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 worth $15,084,000 after buying an additional 34,104 shares in the last quarter. I.G. Investment Management LTD. boosted 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 in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in 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 in the last quarter. Finally, Schroder Investment Management Group boosted its stake in 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 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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