Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have received a consensus rating of "Moderate Buy" from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $95.20.
SIG has been the topic of a number of recent research reports. StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Bank of America reduced their price target on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company lowered their price objective on Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Finally, Telsey Advisory Group reduced their target price on shares of Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, January 15th.
Get Our Latest Stock Analysis on SIG
Shares of NYSE SIG opened at $52.68 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.29 billion, a PE ratio of 6.06, a PEG ratio of 3.83 and a beta of 2.11. Signet Jewelers has a twelve month low of $52.09 and a twelve month high of $112.06. The stock has a fifty day simple moving average of $73.32 and a 200-day simple moving average of $84.15.
Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter last year, the company earned $0.24 earnings per share. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts forecast that Signet Jewelers will post 8.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers's payout ratio is 13.35%.
Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Signet Jewelers by 23.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,909 shares of the company's stock valued at $1,042,000 after buying an additional 2,411 shares in the last quarter. Amundi boosted its stake in Signet Jewelers by 177.7% in the fourth quarter. Amundi now owns 22,230 shares of the company's stock valued at $1,656,000 after acquiring an additional 14,224 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of Signet Jewelers during the fourth quarter worth about $246,000. Raymond James Financial Inc. acquired a new stake in shares of Signet Jewelers during the fourth quarter worth about $306,000. Finally, Aigen Investment Management LP lifted its holdings in shares of Signet Jewelers by 36.0% in the 4th quarter. Aigen Investment Management LP now owns 3,357 shares of the company's stock valued at $271,000 after purchasing an additional 888 shares during the last quarter.
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.
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