Signet Jewelers Limited (NYSE:SIG) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• "Moderate Buy" consensus from 12 analysts (6 hold, 5 buy, 1 strong buy) with an average 12‑month target of $112.00.
• Signet beat quarterly EPS estimates ($6.25 vs. $6.11) while revenue fell 0.3% year‑over‑year; analysts expect about $10.30 EPS for the current fiscal year.
• The company raised its quarterly dividend to $0.35 (from $0.32), implying a $1.40 annual payout and a ~1.6% yield; shares recently traded near $85.76 with a 52‑week range of $59.90–$110.20 and a $3.44B market cap.

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve research firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $112.00.

Several research analysts have commented on the stock. Wall Street Zen cut shares of Signet Jewelers from a "strong-buy" rating to a "hold" rating in a research report on Sunday, March 22nd. Telsey Advisory Group restated a "market perform" rating and issued a $96.00 target price on shares of Signet Jewelers in a research report on Thursday, March 19th. Jefferies Financial Group restated a "buy" rating on shares of Signet Jewelers in a research report on Monday, March 9th. The Goldman Sachs Group upgraded shares of Signet Jewelers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 21st. Finally, UBS Group upped their price target on shares of Signet Jewelers from $118.00 to $126.00 and gave the stock a "buy" rating in a research note on Friday, March 20th.

Signet Jewelers Trading Up 0.1%

NYSE SIG opened at $85.76 on Monday. Signet Jewelers has a 52 week low of $59.90 and a 52 week high of $110.20. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20. The company has a 50-day moving average price of $90.22 and a two-hundred day moving average price of $92.36.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $6.11 by $0.14. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. The firm had revenue of ($4,468.50) million during the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the prior year, the firm earned $6.62 EPS. Signet Jewelers's quarterly revenue was down .3% on a year-over-year basis. As a group, equities research analysts expect that Signet Jewelers will post 10.3 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 24th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Signet Jewelers's previous quarterly dividend of $0.32. Signet Jewelers's dividend payout ratio (DPR) is currently 17.95%.

Institutional Trading of Signet Jewelers

A number of institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its stake in shares of Signet Jewelers by 3.1% in the 4th quarter. CIBC Asset Management Inc now owns 4,072 shares of the company's stock worth $337,000 after acquiring an additional 121 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Signet Jewelers by 1.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company's stock worth $1,182,000 after acquiring an additional 124 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company's stock worth $31,000 after acquiring an additional 124 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Signet Jewelers by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company's stock worth $1,727,000 after acquiring an additional 138 shares during the period. Finally, Amundi lifted its stake in shares of Signet Jewelers by 1.9% in the 3rd quarter. Amundi now owns 7,358 shares of the company's stock worth $689,000 after acquiring an additional 140 shares during the period.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world's largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company's product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.