Signet Jewelers (SIG) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Signet Jewelers (NYSE: SIG):

• 12/6/2024 – Signet Jewelers was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/5/2024 – Signet Jewelers had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $87.00 price target on the stock.
• 11/28/2024 – Signet Jewelers was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/27/2024 – Signet Jewelers had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $87.00 price target on the stock.
• 11/14/2024 – Signet Jewelers was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/6/2024 – Signet Jewelers was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/29/2024 – Signet Jewelers was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/23/2024 – Signet Jewelers had its price target raised by analysts at Wells Fargo & Company from $105.00 to $110.00. They now have an “overweight” rating on the stock.
• 10/21/2024 – Signet Jewelers was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Signet Jewelers Trading Down 3.6 %

SIG traded down $3.07 on Tuesday, hitting $81.54. The company had a trading volume of 1,187,471 shares, compared to its average volume of 843,460. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.55 billion, a P/E ratio of 9.38, a PEG ratio of 1.04 and a beta of 2.10. The company’s fifty day moving average price is $95.04 and its 200 day moving average price is $90.45. Signet Jewelers Limited has a 1 year low of $72.26 and a 1 year high of $112.06.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities analysts expect that Signet Jewelers Limited will post 9.88 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.42%. Signet Jewelers’s payout ratio is 13.35%.

Insider Activity at Signet Jewelers

In other news, insider Rebecca Wooters sold 22,151 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the completion of the transaction, the insider now directly owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. This represents a 24.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total value of $353,303.25. Following the sale, the chief executive officer now owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,194 shares of company stock valued at $4,251,906 over the last 90 days. 3.26% of the stock is owned by corporate insiders.

Institutional Trading of Signet Jewelers

Several institutional investors and hedge funds have recently made changes to their positions in SIG. Khrom Capital Management LLC purchased a new position in Signet Jewelers during the 2nd quarter worth $58,357,000. Eminence Capital LP boosted its stake in shares of Signet Jewelers by 71.3% during the second quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock worth $75,644,000 after buying an additional 351,588 shares during the period. Select Equity Group L.P. grew its holdings in shares of Signet Jewelers by 2.9% during the second quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock worth $622,562,000 after buying an additional 193,977 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Signet Jewelers by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company’s stock valued at $213,809,000 after acquiring an additional 149,934 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Signet Jewelers by 6.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock worth $185,347,000 after acquiring an additional 126,726 shares during the period.

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.