Signet Jewelers (NYSE:SIG) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Signet Jewelers (NYSE:SIG) in a report published on Wednesday morning, Benzinga reports. They currently have a $105.00 price target on the stock.

Several other equities analysts have also issued reports on the company. Wells Fargo & Company boosted their price target on Signet Jewelers from $120.00 to $125.00 and gave the company an overweight rating in a research note on Monday, June 3rd. UBS Group boosted their price objective on Signet Jewelers from $128.00 to $152.00 and gave the company a buy rating in a research report on Thursday, April 4th. StockNews.com cut Signet Jewelers from a buy rating to a hold rating in a research report on Saturday, April 27th. Finally, Citigroup reissued a buy rating and issued a $119.00 price target on shares of Signet Jewelers in a report on Friday, June 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $120.20.

Signet Jewelers Trading Up 0.8 %

SIG opened at $83.04 on Wednesday. The business has a 50 day moving average of $93.73 and a 200-day moving average of $97.51. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.75, a P/E/G ratio of 0.89 and a beta of 2.16. Signet Jewelers has a 1-year low of $65.12 and a 1-year high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm earned $1.78 EPS. The business’s revenue was down 9.4% on a year-over-year basis. Equities analysts predict that Signet Jewelers will post 10.6 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 1.40%. Signet Jewelers’s dividend payout ratio is currently 9.43%.

Insider Activity

In related news, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total transaction of $271,020.00. Following the completion of the sale, the insider now owns 90,494 shares in the company, valued at approximately $8,175,227.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Signet Jewelers news, insider Rebecca Wooters sold 3,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the transaction, the insider now directly owns 90,494 shares in the company, valued at $8,175,227.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $91.81, for a total transaction of $734,480.00. Following the sale, the insider now directly owns 189,231 shares of the company’s stock, valued at approximately $17,373,298.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,439 shares of company stock worth $3,498,919. Corporate insiders own 3.26% of the company’s stock.

Hedge Funds Weigh In On Signet Jewelers

Several institutional investors have recently bought and sold shares of the business. GAM Holding AG bought a new stake in shares of Signet Jewelers during the second quarter worth $3,995,000. Allspring Global Investments Holdings LLC increased its position in Signet Jewelers by 17.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,159 shares of the company’s stock valued at $283,000 after acquiring an additional 479 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Signet Jewelers by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the company’s stock valued at $2,016,000 after acquiring an additional 600 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Signet Jewelers by 1.4% during the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after purchasing an additional 144 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Signet Jewelers by 16.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 527,145 shares of the company’s stock worth $47,221,000 after purchasing an additional 74,380 shares in the last quarter.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.