Signet Jewelers (NYSE:SIG) Given New $65.00 Price Target at Telsey Advisory Group

Signet Jewelers (NYSE:SIG) had its target price reduced by Telsey Advisory Group from $87.00 to $65.00 in a research report report published on Wednesday, Marketbeat Ratings reports. They currently have a market perform rating on the stock.

A number of other equities research analysts have also issued reports on SIG. Wells Fargo & Company boosted their target price on Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.20.

Signet Jewelers Stock Performance

NYSE:SIG opened at $58.91 on Wednesday. The company has a 50-day moving average of $87.24 and a 200-day moving average of $87.61. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.95 and a beta of 2.13. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. Signet Jewelers has a twelve month low of $54.44 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. Analysts forecast that Signet Jewelers will post 9.88 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.97%. Signet Jewelers’s dividend payout ratio is 13.35%.

Insider Buying and Selling

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $99.63, for a total value of $332,066.79. Following the transaction, the director now owns 26,085 shares in the company, valued at approximately $2,598,848.55. This represents a 11.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the sale, the insider now owns 200,844 shares of the company’s stock, valued at approximately $18,993,817.08. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. MidWestOne Financial Group Inc. lifted its holdings in shares of Signet Jewelers by 63.3% during the 2nd quarter. MidWestOne Financial Group Inc. now owns 16,974 shares of the company’s stock valued at $1,521,000 after buying an additional 6,579 shares during the last quarter. Nordea Investment Management AB lifted its stake in Signet Jewelers by 36.3% in the fourth quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock valued at $10,704,000 after acquiring an additional 35,174 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Signet Jewelers in the third quarter worth approximately $2,853,000. Ensign Peak Advisors Inc increased its stake in shares of Signet Jewelers by 94.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 30,483 shares of the company’s stock worth $2,731,000 after purchasing an additional 14,775 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Signet Jewelers during the 3rd quarter valued at $977,000.

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.