Signet Jewelers (NYSE:SIG) Upgraded at StockNews.com

StockNews.com upgraded shares of Signet Jewelers (NYSE:SIG) from a hold rating to a buy rating in a research report report published on Tuesday morning.

A number of other research analysts have also recently issued reports on the stock. Bank of America decreased their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a report on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, UBS Group decreased their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and an average target price of $109.60.

Signet Jewelers Stock Down 0.9 %

SIG stock opened at $91.68 on Tuesday. Signet Jewelers has a twelve month low of $67.18 and a twelve month high of $112.06. The company has a market cap of $4.04 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 1.04 and a beta of 2.10. The business’s fifty day moving average is $91.51 and its 200-day moving average is $91.70.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.11. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Research analysts anticipate that Signet Jewelers will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.27%. Signet Jewelers’s payout ratio is 13.43%.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the completion of the transaction, the insider now owns 68,343 shares in the company, valued at approximately $6,765,957. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Signet Jewelers news, insider Rebecca Wooters sold 22,151 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the completion of the transaction, the insider now owns 68,343 shares of the company’s stock, valued at $6,765,957. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Oded Edelman sold 9,000 shares of Signet Jewelers stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00. Following the completion of the sale, the insider now owns 28,398 shares in the company, valued at $2,117,070.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,957 shares of company stock valued at $5,910,256. 3.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Signet Jewelers

A number of large investors have recently modified their holdings of the business. Ritholtz Wealth Management raised its holdings in Signet Jewelers by 4.9% during the third quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock worth $254,000 after acquiring an additional 115 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Signet Jewelers by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after purchasing an additional 116 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Signet Jewelers by 15.3% during the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock worth $82,000 after purchasing an additional 122 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Signet Jewelers by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after buying an additional 144 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company’s stock valued at $63,000 after buying an additional 175 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.