Signet Jewelers Limited (NYSE:SIG) had its price objective raised by Buckingham Research from $55.00 to $72.00 in a research report sent to investors on Tuesday. They currently have a neutral rating on the stock.
Several other equities research analysts also recently commented on SIG. Zacks Investment Research upgraded Signet Jewelers Limited from a hold rating to a buy rating and set a $71.00 price objective for the company in a report on Monday, September 4th. Wells Fargo & Company set a $97.00 price objective on Signet Jewelers Limited and gave the company a buy rating in a report on Wednesday, August 23rd. ValuEngine upgraded Signet Jewelers Limited from a hold rating to a buy rating in a report on Monday, October 2nd. Royal Bank Of Canada set a $66.00 price objective on Signet Jewelers Limited and gave the company a buy rating in a report on Friday, August 25th. Finally, Northcoast Research restated a neutral rating on shares of Signet Jewelers Limited in a report on Friday, September 29th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Signet Jewelers Limited currently has a consensus rating of Hold and an average target price of $70.60.
Shares of Signet Jewelers Limited (NYSE:SIG) opened at $76.58 on Tuesday. The firm has a market capitalization of $4,490.00, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03. The company has a quick ratio of 1.14, a current ratio of 2.40 and a debt-to-equity ratio of 0.32. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46.
Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. equities analysts anticipate that Signet Jewelers Limited will post 7.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be given a $0.31 dividend. The ex-dividend date is Thursday, October 26th. This represents a $1.24 annualized dividend and a yield of 1.62%. Signet Jewelers Limited’s dividend payout ratio is currently 20.13%.
A number of hedge funds have recently bought and sold shares of SIG. Dimensional Fund Advisors LP boosted its position in Signet Jewelers Limited by 22.9% in the first quarter. Dimensional Fund Advisors LP now owns 671,645 shares of the company’s stock worth $46,531,000 after purchasing an additional 124,963 shares during the last quarter. Morgan Stanley lifted its position in shares of Signet Jewelers Limited by 34.5% during the 1st quarter. Morgan Stanley now owns 148,486 shares of the company’s stock valued at $10,286,000 after buying an additional 38,074 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Signet Jewelers Limited during the 1st quarter valued at $8,174,000. Nuveen Asset Management LLC purchased a new position in shares of Signet Jewelers Limited during the 1st quarter valued at $901,000. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Signet Jewelers Limited by 5.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,321 shares of the company’s stock valued at $779,000 after buying an additional 602 shares during the last quarter.
Signet Jewelers Limited 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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