JPMorgan Chase & Co. reissued their hold rating on shares of Signet Jewelers (NYSE:SIG) in a research report released on Monday, March 12th. JPMorgan Chase & Co. currently has a $52.00 target price on the stock.
Several other equities research analysts have also recently weighed in on SIG. Buckingham Research boosted their price target on shares of Signet Jewelers from $55.00 to $72.00 and gave the stock a neutral rating in a research report on Tuesday, November 14th. Zacks Investment Research cut shares of Signet Jewelers from a buy rating to a hold rating in a research report on Wednesday, November 15th. Wells Fargo lowered shares of Signet Jewelers from an outperform rating to a market perform rating and dropped their price objective for the stock from $75.00 to $60.00 in a research note on Tuesday, November 21st. Royal Bank of Canada dropped their price objective on shares of Signet Jewelers from $66.00 to $60.00 and set an outperform rating for the company in a research note on Wednesday, November 22nd. Finally, Telsey Advisory Group dropped their price objective on shares of Signet Jewelers from $83.00 to $60.00 and set a market perform rating for the company in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $52.91.
SIG stock traded down $0.50 during trading on Monday, hitting $39.42. 2,783,164 shares of the stock traded hands, compared to its average volume of 3,019,911. The company has a market capitalization of $2,315.95, a PE ratio of 5.39, a P/E/G ratio of 0.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.12 and a current ratio of 3.32. Signet Jewelers has a 52-week low of $37.42 and a 52-week high of $77.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 4th will be paid a $0.37 dividend. The ex-dividend date is Thursday, May 3rd. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.31. This represents a $1.48 dividend on an annualized basis and a yield of 3.75%. Signet Jewelers’s dividend payout ratio is 16.76%.
In other Signet Jewelers news, insider Oded Edelman acquired 90,398 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was bought at an average cost of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the purchase, the insider now directly owns 33,962 shares in the company, valued at $1,878,438.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. bought a new position in Signet Jewelers in the fourth quarter worth about $109,000. Delpha Capital Management LLC acquired a new position in shares of Signet Jewelers during the fourth quarter valued at about $113,000. First Mercantile Trust Co. acquired a new position in shares of Signet Jewelers during the fourth quarter valued at about $157,000. Monroe Bank & Trust MI acquired a new position in shares of Signet Jewelers during the third quarter valued at about $179,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Signet Jewelers during the third quarter valued at about $202,000.
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Signet Jewelers Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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