Shares of Signet Jewelers Ltd. (NYSE:SIG) gapped down before the market opened on Wednesday . The stock had previously closed at $15.12, but opened at $16.06. Signet Jewelers shares last traded at $16.86, with a volume of 153,606 shares trading hands.
A number of equities analysts have commented on SIG shares. ValuEngine cut shares of Signet Jewelers from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a research report on Monday, August 12th. Citigroup lowered their price objective on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, September 6th. Finally, Bank of America dropped their target price on Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.29.
The company has a current ratio of 2.10, a quick ratio of 0.37 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $16.69 and its 200 day moving average is $16.80. The stock has a market capitalization of $960.07 million, a PE ratio of 4.53, a PEG ratio of 0.92 and a beta of 1.03.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.26. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Signet Jewelers had a negative net margin of 2.99% and a positive return on equity of 17.75%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. As a group, analysts anticipate that Signet Jewelers Ltd. will post 2.95 EPS for the current year.
The business also recently declared a — dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were issued a $0.37 dividend. This represents a dividend yield of 10.5%. The ex-dividend date of this dividend was Thursday, October 31st. Signet Jewelers’s payout ratio is presently 39.78%.
In related news, CEO Virginia Drosos purchased 4,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $14.14 per share, with a total value of $56,560.00. Following the completion of the purchase, the chief executive officer now owns 232,181 shares of the company’s stock, valued at approximately $3,283,039.34. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joan M. Hilson purchased 7,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $14.46 per share, with a total value of $108,450.00. Following the acquisition, the chief financial officer now directly owns 33,127 shares of the company’s stock, valued at approximately $479,016.42. The disclosure for this purchase can be found here. Corporate insiders own 0.96% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Arizona State Retirement System lifted its position in Signet Jewelers by 1.6% during the second quarter. Arizona State Retirement System now owns 37,879 shares of the company’s stock valued at $677,000 after acquiring an additional 603 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Signet Jewelers by 105.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Signet Jewelers by 8.3% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,456 shares of the company’s stock valued at $242,000 after purchasing an additional 1,109 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Signet Jewelers by 23.1% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 6,064 shares of the company’s stock valued at $108,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its stake in Signet Jewelers by 23.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 8,338 shares of the company’s stock worth $149,000 after purchasing an additional 1,562 shares in the last quarter.
Signet Jewelers Company Profile (NYSE:SIG)
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.
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