Signet Jewelers (NYSE:SIG) Price Target Raised to $95.00 at UBS Group

Signet Jewelers (NYSE:SIG - Free Report) had its price target lifted by UBS Group from $84.00 to $95.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. Telsey Advisory Group increased their price target on Signet Jewelers from $62.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Wells Fargo & Company boosted their price objective on Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday. Bank of America increased their target price on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, CL King started coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Signet Jewelers has a consensus rating of "Hold" and an average price target of $84.67.

Signet Jewelers Trading Up 0.5%

Shares of SIG stock traded up $0.36 during trading hours on Wednesday, reaching $74.76. The company had a trading volume of 1,167,426 shares, compared to its average volume of 1,212,030. The company has a 50 day moving average of $61.09 and a 200 day moving average of $65.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 3.43 and a beta of 1.34. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $109.52.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.17. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 EPS. On average, equities research analysts anticipate that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. Signet Jewelers's dividend payout ratio (DPR) is -168.42%.

Insider Activity

In related news, Director Helen Mccluskey bought 1,700 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $58.86 per share, with a total value of $100,062.00. Following the completion of the transaction, the director now owns 31,916 shares in the company, valued at $1,878,575.76. The trade was a 5.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Kevin Symancyk bought 15,000 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $57.45 per share, for a total transaction of $861,750.00. Following the transaction, the chief executive officer now owns 50,710 shares of the company's stock, valued at $2,913,289.50. The trade was a 42.01% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grace & White Inc. NY boosted its holdings in shares of Signet Jewelers by 6.1% during the 4th quarter. Grace & White Inc. NY now owns 207,262 shares of the company's stock worth $16,728,000 after buying an additional 11,900 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Signet Jewelers by 22.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,568 shares of the company's stock worth $4,969,000 after acquiring an additional 11,218 shares during the period. Magnetar Financial LLC bought a new stake in shares of Signet Jewelers during the fourth quarter worth approximately $2,418,000. Norges Bank acquired a new position in shares of Signet Jewelers in the fourth quarter valued at approximately $40,989,000. Finally, Van ECK Associates Corp grew its position in shares of Signet Jewelers by 30.5% in the fourth quarter. Van ECK Associates Corp now owns 36,655 shares of the company's stock valued at $2,958,000 after purchasing an additional 8,574 shares during the last quarter.

Signet Jewelers Company Profile

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.