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

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $120.20.

Several research analysts have weighed in on the company. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Tuesday, March 26th. Wells Fargo & Company boosted their price objective on Signet Jewelers from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, December 22nd. UBS Group boosted their price objective on Signet Jewelers from $128.00 to $152.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. Telsey Advisory Group upped their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a "market perform" rating in a research report on Thursday, April 4th. Finally, Bank of America dropped their price target on Signet Jewelers from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Thursday, March 21st.

Signet Jewelers Trading Down 3.8 %

Shares of NYSE:SIG traded down $3.83 during mid-day trading on Friday, hitting $95.77. 561,182 shares of the company traded hands, compared to its average volume of 1,075,409. The stock has a market cap of $4.24 billion, a P/E ratio of 6.39, a P/E/G ratio of 1.13 and a beta of 2.13. Signet Jewelers has a 12-month low of $57.10 and a 12-month high of $109.17. The stock has a 50-day moving average price of $100.46 and a two-hundred day moving average price of $91.63.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.40. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The company had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $5.52 earnings per share. Signet Jewelers's quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts expect that Signet Jewelers will post 10.6 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company 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 represents a $1.16 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, April 25th. This is a boost from Signet Jewelers's previous quarterly dividend of $0.23. Signet Jewelers's dividend payout ratio is currently 7.74%.

Insider Activity

In related news, insider Mary Elizabeth Finn sold 5,431 shares of the business's stock in a transaction on 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 directly owns 70,607 shares in the company, valued at approximately $6,613,051.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider William Brace sold 3,000 shares of the business's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the sale, the insider now directly owns 75,664 shares in the company, valued at approximately $7,490,736. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mary Elizabeth Finn sold 5,431 shares of the business's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $93.66, for a total value of $508,667.46. Following the sale, the insider now owns 70,607 shares in the company, valued at $6,613,051.62. The disclosure for this sale can be found here. Insiders have sold 91,685 shares of company stock valued at $8,912,661 in the last 90 days. Insiders own 4.54% of the company's stock.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its stake in Signet Jewelers by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 10,163 shares of the company's stock worth $1,090,000 after acquiring an additional 106 shares during the last quarter. Hexagon Capital Partners LLC increased its stake 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 acquiring an additional 127 shares during the last quarter. Rafferty Asset Management LLC increased its stake in Signet Jewelers by 2.2% in the 4th quarter. Rafferty Asset Management LLC now owns 6,174 shares of the company's stock worth $662,000 after acquiring an additional 130 shares during the last quarter. Commerce Bank increased its position in shares of Signet Jewelers by 5.3% during the 4th quarter. Commerce Bank now owns 2,941 shares of the company's stock valued at $315,000 after purchasing an additional 148 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Signet Jewelers by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company's stock valued at $303,000 after buying an additional 156 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.