Signet Jewelers Limited (SIG) Given “Neutral” Rating at Buckingham Research
Buckingham Research restated their neutral rating on shares of Signet Jewelers Limited (NYSE:SIG) in a research report report published on Saturday morning. Buckingham Research currently has a $51.00 price objective on the stock.
A number of other brokerages also recently commented on SIG. BidaskClub raised shares of Signet Jewelers Limited from a sell rating to a hold rating in a research report on Wednesday, June 28th. Cowen and Company set a $61.00 price objective on shares of Signet Jewelers Limited and gave the company a hold rating in a research report on Friday. Zacks Investment Research raised shares of Signet Jewelers Limited from a sell rating to a hold rating in a research report on Tuesday, August 1st. Wells Fargo & Company reaffirmed an outperform rating and set a $75.00 price objective (up from $70.00) on shares of Signet Jewelers Limited in a research report on Thursday. Finally, Royal Bank Of Canada set a $66.00 price objective on shares of Signet Jewelers Limited and gave the company a buy rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $72.13.
Signet Jewelers Limited (SIG) traded up 3.53% on Friday, reaching $62.68. 5,573,384 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $58.58 and a 200-day moving average of $62.96. The company has a market cap of $3.78 billion, a P/E ratio of 9.44 and a beta of 1.00. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46.
Signet Jewelers Limited (NYSE:SIG) last released its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. Equities analysts expect that Signet Jewelers Limited will post $6.68 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 19.14%.
In other Signet Jewelers Limited news, Director H. Todd Stitzer bought 2,090 shares of Signet Jewelers Limited stock in a transaction on Wednesday, May 31st. The stock was purchased at an average cost of $47.91 per share, for a total transaction of $100,131.90. Following the completion of the purchase, the director now directly owns 16,823 shares of the company’s stock, valued at $805,989.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Signet Jewelers Limited by 3,088.1% in the first quarter. BlackRock Inc. now owns 4,143,731 shares of the company’s stock worth $287,037,000 after buying an additional 4,013,758 shares during the last quarter. Causeway Capital Management LLC boosted its stake in shares of Signet Jewelers Limited by 61.3% in the first quarter. Causeway Capital Management LLC now owns 2,439,144 shares of the company’s stock worth $194,106,000 after buying an additional 927,355 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Signet Jewelers Limited by 173.4% in the first quarter. Clearbridge Investments LLC now owns 1,295,909 shares of the company’s stock worth $89,768,000 after buying an additional 821,914 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Signet Jewelers Limited by 67.8% in the first quarter. Investec Asset Management LTD now owns 1,667,622 shares of the company’s stock worth $115,516,000 after buying an additional 674,101 shares during the last quarter. Finally, SRS Investment Management LLC boosted its stake in shares of Signet Jewelers Limited by 54.2% in the first quarter. SRS Investment Management LLC now owns 1,817,103 shares of the company’s stock worth $125,871,000 after buying an additional 638,954 shares during the last quarter.
About Signet Jewelers Limited
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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