Signet Jewelers Ltd. (SIG) Trading 2.8% Higher
Signet Jewelers Ltd. (NYSE:SIG) traded 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 trading hands. The stock had previously closed at $79.93.
A number of equities research analysts recently commented on the stock. Vetr cut shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $91.00 price objective on the stock. in a research note on Wednesday. JPMorgan Chase & Co. cut shares of Signet Jewelers from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $136.00 to $90.00 in a research note on Tuesday. Nomura reissued a “buy” rating and issued a $104.00 price objective on shares of Signet Jewelers in a research note on Monday. Johnson Rice cut shares of Signet Jewelers from a “buy” rating to an “accumulate” rating in a research note on Monday. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of Signet Jewelers in a research note on Sunday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Signet Jewelers presently has an average rating of “Buy” and an average price target of $109.64.
The company’s 50-day moving average is $88.21 and its 200-day moving average is $99.41. The firm has a market cap of $6.10 billion and a PE ratio of 12.29.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.45 by $0.31. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Signet Jewelers Ltd. will post $7.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, October 26th.
In other Signet Jewelers news, insider Mark Andrew Jenkins purchased 325 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were purchased at an average cost of $84.75 per share, for a total transaction of $27,543.75. Following the completion of the transaction, the insider now owns 14,639 shares in the company, valued at $1,240,655.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Edward Hrabak purchased 400 shares of the company’s stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $35,300.00. Following the completion of the transaction, the chief operating officer now owns 15,363 shares of the company’s stock, valued at approximately $1,355,784.75. 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. increased its position in Signet Jewelers Ltd. (NYSE:SIG) by 24.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC.
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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