Signet Jewelers Limited (NYSE:SIG) Receives $120.20 Consensus Target Price from Brokerages

Signet Jewelers Limited (NYSE:SIG) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $120.20.

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Wells Fargo & Company increased their target price on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 target price on shares of Signet Jewelers in a research note on Wednesday, July 24th. Finally, Citigroup reaffirmed a “buy” rating and set a $119.00 target price on shares of Signet Jewelers in a research note on Friday, June 14th.

Insider Buying and Selling

In other news, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the sale, the insider now owns 189,231 shares in the company, valued at approximately $17,373,298.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the sale, the insider now owns 189,231 shares in the company, valued at approximately $17,373,298.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Oded Edelman sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $74.55, for a total transaction of $670,950.00. Following the sale, the insider now owns 28,398 shares of the company’s stock, valued at approximately $2,117,070.90. The disclosure for this sale can be found here. Insiders sold 49,439 shares of company stock worth $4,169,869 over the last 90 days. 3.26% of the stock is owned by insiders.

Institutional Trading of Signet Jewelers

Several institutional investors and hedge funds have recently bought and sold shares of the business. Select Equity Group L.P. raised its position in Signet Jewelers by 2.9% in the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after purchasing an additional 193,977 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Signet Jewelers by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after purchasing an additional 149,934 shares during the last quarter. Pacer Advisors Inc. raised its position in Signet Jewelers by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock valued at $185,347,000 after purchasing an additional 126,726 shares during the last quarter. Eminence Capital LP raised its position in Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after purchasing an additional 351,588 shares during the last quarter. Finally, Anomaly Capital Management LP raised its position in Signet Jewelers by 12.4% in the 2nd quarter. Anomaly Capital Management LP now owns 691,451 shares of the company’s stock valued at $61,940,000 after purchasing an additional 76,534 shares during the last quarter.

Signet Jewelers Trading Up 0.6 %

Signet Jewelers stock opened at $78.16 on Friday. Signet Jewelers has a 12-month low of $65.12 and a 12-month high of $112.06. The stock has a market cap of $3.49 billion, a P/E ratio of 6.35, a PEG ratio of 0.80 and a beta of 2.16. The company has a 50-day moving average price of $84.70 and a 200 day moving average price of $94.95.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.52 billion. During the same period last year, the business earned $1.78 earnings per share. Signet Jewelers’s revenue was down 9.4% compared to the same quarter last year. As a group, analysts forecast that Signet Jewelers will post 10.6 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be paid a $0.29 dividend. The ex-dividend date is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. Signet Jewelers’s dividend payout ratio is currently 9.43%.

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.