Signet Jewelers Limited (NYSE:SIG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $95.20.

A number of research firms have weighed in on SIG. Telsey Advisory Group cut their price objective on shares of Signet Jewelers from $87.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, January 15th. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Bank of America lowered their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th.

Institutional Trading of Signet Jewelers

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Signet Jewelers during the fourth quarter worth about $40,989,000. American Century Companies Inc. increased its position in Signet Jewelers by 18.9% during the 4th quarter. American Century Companies Inc. now owns 1,150,441 shares of the company’s stock worth $92,852,000 after purchasing an additional 182,948 shares during the period. William Blair Investment Management LLC raised its stake in shares of Signet Jewelers by 33.2% during the 4th quarter. William Blair Investment Management LLC now owns 309,129 shares of the company’s stock worth $24,950,000 after buying an additional 76,966 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Signet Jewelers by 54.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 218,096 shares of the company’s stock valued at $22,494,000 after buying an additional 76,597 shares during the period. Finally, ExodusPoint Capital Management LP boosted its stake in shares of Signet Jewelers by 463.6% in the fourth quarter. ExodusPoint Capital Management LP now owns 78,478 shares of the company’s stock valued at $6,334,000 after buying an additional 64,554 shares in the last quarter.

Signet Jewelers Stock Down 0.8 %

Shares of SIG opened at $54.46 on Friday. The stock has a market capitalization of $2.37 billion, a PE ratio of 6.27, a P/E/G ratio of 3.47 and a beta of 2.11. Signet Jewelers has a 1 year low of $52.09 and a 1 year high of $112.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The company’s 50-day simple moving average is $70.66 and its 200-day simple moving average is $83.56.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the business earned $0.24 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Analysts forecast that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a yield of 2.13%. Signet Jewelers’s payout ratio is currently 13.35%.

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.