Signet Jewelers Ltd. (SIG) Shares Up 2.8%
Shares of Signet Jewelers Ltd. (NYSE:SIG) shot up 2.8% during trading on Wednesday . The company traded as high as $82.20 and last traded at $82.16, with a volume of 911,905 shares changing hands. The stock had previously closed at $79.93.
A number of brokerages have recently commented on SIG. Telsey Advisory Group restated a “buy” rating on shares of Signet Jewelers in a report on Sunday, May 29th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Signet Jewelers in a report on Thursday, May 12th. Zacks Investment Research cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Citigroup Inc. cut shares of Signet Jewelers from a “buy” rating to a “neutral” rating and dropped their target price for the company from $125.00 to $83.00 in a report on Friday, August 26th. Finally, Cowen and Company restated an “outperform” rating and set a $96.00 target price (down previously from $130.00) on shares of Signet Jewelers in a report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $112.90.
The stock’s 50 day moving average price is $88.63 and its 200-day moving average price is $99.68. The stock has a market capitalization of $6.21 billion and a price-to-earnings ratio of 12.53.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by $0.31. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Signet Jewelers’s quarterly revenue was down .8% compared to the same quarter last year. Analysts anticipate that Signet Jewelers Ltd. will post $7.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Friday, October 28th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Wednesday, October 26th.
In other Signet Jewelers news, insider Mark Andrew Jenkins purchased 325 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was bought at an average cost of $84.75 per share, for a total transaction of $27,543.75. Following the completion of the purchase, the insider now owns 14,639 shares in the company, valued at approximately $1,240,655.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas G. Plaskett purchased 300 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was acquired at an average price of $88.88 per share, with a total value of $26,664.00. Following the completion of the purchase, the director now owns 16,407 shares of the company’s stock, valued at approximately $1,458,254.16. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Signet Jewelers stock. I.G. Investment Management LTD. raised its position in shares of Signet Jewelers Ltd. (NYSE:SIG) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,800 shares of the company’s stock after buying an additional 2,900 shares during the period. I.G. Investment Management LTD.’s holdings in Signet Jewelers were worth $1,831,000 as of its most recent SEC filing.
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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