Signet Jewelers (NYSE:SIG) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Technical move: Shares briefly crossed above their 200‑day moving average (200‑day = $92.81), trading as high as $92.91, though the stock last traded around $91.05 and was down about 1.8%.
• Analyst and fundamentals snapshot: MarketBeat shows a "Moderate Buy" consensus (1 Strong Buy, 5 Buy, 6 Hold) with an average target of $112; the company posted $6.25 EPS (beat estimates but below prior year) and trades at a P/E of about 12.8 with a $3.65 billion market cap.
• Shareholder returns and flows: Signet raised its quarterly dividend to $0.35 ($1.40 annual, ~1.5% yield, 17.95% payout ratio) while several large institutions (LSV, UBS, JPMorgan) materially increased or initiated stakes.

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $92.81 and traded as high as $92.91. Signet Jewelers shares last traded at $91.0450, with a volume of 1,300,580 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on SIG. Weiss Ratings reiterated a "hold (c)" rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Signet Jewelers from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Wall Street Zen downgraded shares of Signet Jewelers from a "strong-buy" rating to a "hold" rating in a research note on Sunday, March 22nd. Royal Bank Of Canada upgraded shares of Signet Jewelers to a "hold" rating in a research note on Monday, March 30th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $96.00 target price on shares of Signet Jewelers in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.00.

Signet Jewelers Stock Down 1.8%

The firm has a market capitalization of $3.65 billion, a PE ratio of 12.77, a P/E/G ratio of 1.07 and a beta of 1.25. The firm's 50 day moving average price is $90.78 and its two-hundred day moving average price is $92.81.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported $6.25 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the firm posted $6.62 EPS. The firm's revenue was down .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, April 24th will be paid a dividend of $0.35 per share. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.32. The ex-dividend date is Friday, April 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Signet Jewelers's payout ratio is currently 17.95%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SIG. LSV Asset Management boosted its stake in Signet Jewelers by 90.0% during the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company's stock valued at $89,332,000 after acquiring an additional 510,551 shares during the last quarter. Bowen Hanes & Co. Inc. bought a new position in Signet Jewelers during the 3rd quarter valued at $47,837,000. Clark Capital Management Group Inc. bought a new position in Signet Jewelers during the 4th quarter valued at $35,815,000. UBS Group AG boosted its stake in Signet Jewelers by 185.4% during the 4th quarter. UBS Group AG now owns 545,140 shares of the company's stock valued at $45,181,000 after acquiring an additional 354,108 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Signet Jewelers by 212.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company's stock valued at $48,016,000 after acquiring an additional 340,228 shares during the last quarter.

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.

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