Signet Jewelers (NYSE:SIG) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Signet Jewelers (NYSE:SIG) in a research note issued to investors on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $87.00 target price on the stock.

A number of other research analysts have also commented on the stock. StockNews.com lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Bank of America dropped their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. UBS Group decreased their target price 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. Finally, Wells Fargo & Company lifted their target price on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $99.98 on Wednesday. The firm has a market capitalization of $4.40 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.18 and a beta of 2.12. Signet Jewelers has a 1 year low of $72.26 and a 1 year high of $112.06. The stock has a fifty day moving average of $97.03 and a two-hundred day moving average of $91.61.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. Equities research analysts predict that Signet Jewelers will post 10.8 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

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

Insider Activity

In other news, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total value of $2,192,949.00. Following the completion of the sale, the insider now owns 68,343 shares in the company, valued at $6,765,957. This represents a 24.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Elizabeth Finn sold 3,763 shares of Signet Jewelers stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.32, for a total value of $347,400.16. Following the transaction, the insider now owns 43,058 shares in the company, valued at $3,975,114.56. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock valued at $4,599,306 over the last three months. Insiders own 3.26% of the company’s stock.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors have recently bought and sold shares of SIG. Franklin Resources Inc. boosted its position in Signet Jewelers by 0.9% during the third quarter. Franklin Resources Inc. now owns 34,122 shares of the company’s stock valued at $3,330,000 after purchasing an additional 288 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Signet Jewelers by 10.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 34,260 shares of the company’s stock valued at $3,515,000 after buying an additional 3,312 shares during the last quarter. Virtu Financial LLC bought a new position in Signet Jewelers during the third quarter worth $210,000. MidWestOne Financial Group Inc. increased its holdings in shares of Signet Jewelers by 17.5% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,936 shares of the company’s stock worth $2,056,000 after purchasing an additional 2,962 shares during the period. Finally, Vestcor Inc raised its holdings in Signet Jewelers by 133.4% in the 3rd quarter. Vestcor Inc now owns 11,721 shares of the company’s stock valued at $1,209,000 after acquiring an additional 6,700 shares in 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.