Signet Jewelers (NYSE:SIG) PT Lowered to $100.00

Signet Jewelers (NYSE:SIG) had its target price cut by Bank of America from $108.00 to $100.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. Citigroup reaffirmed a buy rating and issued a $119.00 target price on shares of Signet Jewelers in a research report on Friday, June 14th. Wells Fargo & Company cut their target price on Signet Jewelers from $125.00 to $105.00 and set an overweight rating on the stock in a research report on Tuesday, August 27th. StockNews.com downgraded Signet Jewelers from a buy rating to a hold rating in a report on Wednesday, September 4th. Telsey Advisory Group cut their price target on Signet Jewelers from $105.00 to $87.00 and set a market perform rating on the stock in a research report on Monday, September 9th. Finally, UBS Group reduced their price objective 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Signet Jewelers has an average rating of Moderate Buy and an average target price of $108.60.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $91.88 on Friday. The business has a 50-day moving average of $81.50 and a two-hundred day moving average of $92.01. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 0.95 and a beta of 2.10. Signet Jewelers has a 1 year low of $65.12 and a 1 year high of $112.06.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.11. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. As a group, equities research analysts expect that Signet Jewelers will post 10.47 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given 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 yield of 1.26%. Signet Jewelers’s payout ratio is 9.43%.

Insider Buying and Selling at Signet Jewelers

In related news, insider Oded Edelman sold 9,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was 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 directly owns 28,398 shares of the company’s stock, valued at $2,117,070.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total value of $271,020.00. Following the completion of the transaction, the insider now owns 90,494 shares in the company, valued at approximately $8,175,227.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Oded Edelman sold 9,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 28,398 shares of the company’s stock, valued at $2,117,070.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,202 shares of company stock worth $5,157,269. 3.26% of the stock is currently owned by insiders.

Institutional Trading of Signet Jewelers

A number of institutional investors have recently bought and sold shares of SIG. BNP Paribas Financial Markets raised its stake in shares of Signet Jewelers by 28.2% during the 4th quarter. BNP Paribas Financial Markets now owns 65,723 shares of the company’s stock worth $7,049,000 after buying an additional 14,465 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Signet Jewelers by 9.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 3,809 shares of the company’s stock worth $409,000 after acquiring an additional 317 shares during the last quarter. Quadrant Capital Group LLC raised its position in Signet Jewelers by 55.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,532 shares of the company’s stock worth $164,000 after acquiring an additional 544 shares during the last quarter. Norges Bank purchased a new stake in shares of Signet Jewelers in the fourth quarter valued at about $52,976,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Signet Jewelers by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $303,000 after purchasing an additional 156 shares during the last quarter.

Signet Jewelers Company Profile

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.