Brokerages Set Signet Jewelers Limited (NYSE:SIG) PT at $110.00

Signet Jewelers Limited (NYSE:SIGGet Free Report) has received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $112.00.

Several equities analysts have recently commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 price target on shares of Signet Jewelers in a research note on Thursday. The Goldman Sachs Group raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. UBS Group boosted their price target on shares of Signet Jewelers from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday.

View Our Latest Stock Report on SIG

Key Signet Jewelers News

Here are the key news stories impacting Signet Jewelers this week:

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SIG. Salomon & Ludwin LLC acquired a new position in Signet Jewelers during the 3rd quarter worth approximately $31,000. Richardson Financial Services Inc. acquired a new stake in shares of Signet Jewelers in the 4th quarter valued at $31,000. Farther Finance Advisors LLC lifted its position in shares of Signet Jewelers by 48.6% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Signet Jewelers during the fourth quarter worth $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Signet Jewelers by 111.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after buying an additional 333 shares during the last quarter.

Signet Jewelers Price Performance

NYSE:SIG opened at $89.25 on Friday. The firm has a market capitalization of $3.63 billion, a P/E ratio of 12.52, a PEG ratio of 0.97 and a beta of 1.25. Signet Jewelers has a 1-year low of $49.99 and a 1-year high of $110.20. The company’s fifty day moving average price is $91.98 and its 200-day moving average price is $93.43.

Signet Jewelers (NYSE:SIGGet Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported $6.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.11 by $0.14. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The company had revenue of ($4,468.50) million during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the firm posted $6.62 EPS. Signet Jewelers’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts anticipate that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, April 24th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, April 24th. Signet Jewelers’s dividend payout ratio (DPR) is presently 38.21%.

About Signet Jewelers

(Get Free Report)

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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