Signet Jewelers (NYSE:SIG) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Signet Jewelers (NYSE:SIG) from a buy rating to a hold rating in a research report released on Monday.

Other research analysts also recently issued reports about the company. Bank of America cut their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. UBS Group reduced their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Telsey Advisory Group restated a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average target price of $109.60.

Signet Jewelers Trading Down 0.8 %

Shares of SIG stock opened at $92.84 on Monday. The company has a 50 day simple moving average of $90.32 and a two-hundred day simple moving average of $91.98. The stock has a market cap of $4.09 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.08 and a beta of 2.10. Signet Jewelers has a 12 month low of $67.18 and a 12 month high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $1.55 EPS. Signet Jewelers’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities analysts forecast that Signet Jewelers will post 10.8 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. Signet Jewelers’s dividend payout ratio is 13.43%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the completion of the transaction, the director now owns 26,085 shares of the company’s stock, valued at $2,598,848.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $99.63, for a total value of $332,066.79. Following the sale, the director now directly owns 26,085 shares in the company, valued at approximately $2,598,848.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total value of $756,560.00. Following the transaction, the insider now owns 200,844 shares of the company’s stock, valued at $18,993,817.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,957 shares of company stock worth $5,910,256. Insiders own 3.26% of the company’s stock.

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC bought a new stake in shares of Signet Jewelers in the 3rd quarter worth about $288,000. Creative Planning increased its stake in Signet Jewelers by 26.0% during the third quarter. Creative Planning now owns 9,827 shares of the company’s stock worth $1,014,000 after acquiring an additional 2,029 shares during the last quarter. CX Institutional purchased a new stake in Signet Jewelers during the third quarter valued at approximately $3,264,000. Ritholtz Wealth Management lifted its stake in shares of Signet Jewelers by 4.9% in the 3rd quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after purchasing an additional 115 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Signet Jewelers by 177.3% in the 3rd quarter. CWM LLC now owns 1,148 shares of the company’s stock valued at $118,000 after purchasing an additional 734 shares during 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.