UBS Group Raises Signet Jewelers (NYSE:SIG) Price Target to $152.00

Signet Jewelers (NYSE:SIG - Free Report) had its price target raised by UBS Group from $128.00 to $152.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently weighed in on the stock. Bank of America decreased their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a neutral rating for the company in a research report on Thursday, March 21st. StockNews.com cut shares of Signet Jewelers from a buy rating to a hold rating in a research report on Tuesday, March 26th. Telsey Advisory Group upped their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a market perform rating in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the company an overweight rating in a research report on Friday, December 22nd. Finally, Citigroup raised shares of Signet Jewelers from a neutral rating to a buy rating and upped their price objective for the company from $93.00 to $119.00 in a research report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $120.20.

Signet Jewelers Stock Up 1.5 %

Shares of SIG stock traded up $1.61 on Thursday, reaching $106.04. 976,742 shares of the stock were exchanged, compared to its average volume of 738,813. The stock has a market cap of $4.70 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 1.23 and a beta of 2.13. The firm has a 50 day moving average of $100.44 and a two-hundred day moving average of $90.22. Signet Jewelers has a 1-year low of $57.10 and a 1-year high of $109.17.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping analysts' consensus estimates of $6.33 by $0.40. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted $5.52 EPS. The business's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Signet Jewelers will post 9.65 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 26th will be given a dividend of $0.29 per share. This is a boost from Signet Jewelers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.09%. Signet Jewelers's dividend payout ratio (DPR) is presently 6.14%.

Insider Transactions at Signet Jewelers

In other news, insider Stash Ptak sold 750 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $100.36, for a total transaction of $75,270.00. Following the transaction, the insider now owns 23,321 shares of the company's stock, valued at $2,340,495.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Stash Ptak sold 750 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $100.36, for a total transaction of $75,270.00. Following the sale, the insider now owns 23,321 shares in the company, valued at $2,340,495.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Elizabeth Finn sold 5,431 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $93.66, for a total transaction of $508,667.46. Following the sale, the insider now owns 70,607 shares in the company, valued at approximately $6,613,051.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,435 shares of company stock valued at $8,987,931. Insiders own 4.54% of the company's stock.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently bought and sold shares of SIG. Belpointe Asset Management LLC boosted its stake in Signet Jewelers by 67.9% in the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company's stock worth $31,000 after purchasing an additional 163 shares during the period. Quarry LP lifted its position in Signet Jewelers by 274.1% in the 1st quarter. Quarry LP now owns 404 shares of the company's stock worth $31,000 after buying an additional 296 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in Signet Jewelers by 187.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 494 shares of the company's stock worth $35,000 after buying an additional 322 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in Signet Jewelers by 37.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company's stock worth $50,000 after buying an additional 127 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Signet Jewelers in the 1st quarter worth approximately $51,000.

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.