Signet Jewelers (NYSE:SIG) Upgraded at StockNews.com

StockNews.com upgraded shares of Signet Jewelers ( NYSE:SIG – Free Report ) from a hold rating to a buy rating in a research report report published on Thursday. A number of other research firms also recently commented on SIG.

Bank of America decreased their target price on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th.



Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a report on Wednesday. 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 report 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock.

Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.60.

Get Our Latest Analysis on Signet Jewelers Signet Jewelers Stock Performance Signet Jewelers ( NYSE:SIG – Get Free Report ) last issued its quarterly 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 business had revenue of $1.

49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.

90% and a net margin of 8.58%. The company’s quarterly revenue was down 7.

6% on a year-over-year basis. During the same quarter last year, the company earned $1.55 earnings per share.

On average, sell-side analysts predict that Signet Jewelers will post 10.8 earnings per share for the current fiscal year. Signet Jewelers Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd.

Shareholders of record on Friday, October 25th were issued a $0.29 dividend. This represents a $1.

16 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, October 25th.

Signet Jewelers’s payout ratio is presently 13.43%. Insider Buying and Selling at Signet Jewelers In other news, insider Joan M.

Hilson sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total value of $756,560.

00. Following the completion of the sale, the insider now directly owns 200,844 shares in the company, valued at $18,993,817.08.

The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .

Also, insider Mary Elizabeth Finn sold 3,763 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.32, for a total value of $347,400.

16. Following the sale, the insider now owns 43,058 shares of the company’s stock, valued at $3,975,114.56.

The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here .

Over the last ninety days, insiders sold 46,957 shares of company stock valued at $4,599,306. 3.26% of the stock is owned by company insiders.

Institutional Trading of Signet Jewelers Several large investors have recently made changes to their positions in SIG. Khrom Capital Management LLC purchased a new stake in shares of Signet Jewelers during the second quarter worth approximately $58,357,000. Eminence Capital LP grew its holdings in Signet Jewelers by 71.

3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company’s stock valued at $75,644,000 after buying an additional 351,588 shares in the last quarter. Select Equity Group L.

P. grew its holdings in Signet Jewelers by 2.9% in the 2nd quarter.

Select Equity Group L.P. now owns 6,949,785 shares of the company’s stock valued at $622,562,000 after buying an additional 193,977 shares in the last quarter.

Dimensional Fund Advisors LP grew its holdings 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 buying an additional 149,934 shares in the last quarter.

Finally, Pacer Advisors Inc. grew its holdings in Signet Jewelers by 6.5% in the 2nd quarter.

Pacer Advisors Inc. now owns 2,069,071 shares of the company’s stock valued at $185,347,000 after buying an additional 126,726 shares in the last quarter. Signet Jewelers Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.

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