Signet Jewelers (NYSE:SIG) Trading Up 5.2%

Shares of Signet Jewelers Limited (NYSE:SIGGet Free Report) were up 5.2% during mid-day trading on Monday . The company traded as high as $91.71 and last traded at $91.71. Approximately 789,298 shares changed hands during trading, an increase of 5% from the average daily volume of 749,931 shares. The stock had previously closed at $87.18.

Analyst Ratings Changes

Several research analysts have recently weighed in on SIG shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price objective on shares of Signet Jewelers in a research report on Thursday. UBS Group raised their price objective on Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Citigroup reissued a “buy” rating and set a $119.00 price target on shares of Signet Jewelers in a research report on Friday. Bank of America cut their price objective on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Finally, Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.20.

Get Our Latest Analysis on Signet Jewelers

Signet Jewelers Trading Up 5.0 %

The firm has a market capitalization of $4.08 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.95 and a beta of 2.12. The company has a 50-day moving average of $100.28 and a 200-day moving average of $100.06.

Signet Jewelers (NYSE:SIGGet Free Report) last released its quarterly earnings results on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The company’s revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 EPS. Research analysts predict that Signet Jewelers Limited will post 10.77 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, July 26th. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.43%.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, insider William Brace sold 3,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total value of $297,000.00. Following the completion of the sale, the insider now directly owns 75,664 shares in the company, valued at $7,490,736. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Mary Elizabeth Finn sold 5,431 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $89.53, for a total transaction of $486,237.43. Following the transaction, the insider now directly owns 60,416 shares of the company’s stock, valued at $5,409,044.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Brace sold 3,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total value of $297,000.00. Following the completion of the transaction, the insider now owns 75,664 shares in the company, valued at $7,490,736. The disclosure for this sale can be found here. Insiders sold a total of 35,431 shares of company stock valued at $3,444,267 in the last quarter. 3.26% of the stock is currently owned by company insiders.

Institutional Trading of Signet Jewelers

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC raised its stake in shares of Signet Jewelers by 37.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Signet Jewelers during the 4th quarter valued at $64,000. Quadrant Capital Group LLC grew its stake in shares of Signet Jewelers by 55.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock worth $164,000 after acquiring an additional 544 shares in the last quarter. Lazard Asset Management LLC lifted 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 buying an additional 116 shares in the last quarter. Finally, Greenleaf Trust purchased a new position in shares of Signet Jewelers in the fourth quarter valued at $202,000.

About Signet Jewelers

(Get Free Report)

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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