Signet Jewelers Limited Sees Unusually High Options Volume (SIG)
Signet Jewelers Limited (NYSE:SIG) saw unusually large options trading on Thursday. Stock investors bought 10,687 call options on the company. This represents an increase of approximately Infinity compared to the typical daily volume of 0 call options.
Large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia grew its holdings in shares of Signet Jewelers Limited by 5.6% during the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after purchasing an additional 85 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of Signet Jewelers Limited during the second quarter valued at approximately $121,000. Tower Research Capital LLC TRC grew its holdings in shares of Signet Jewelers Limited by 19.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after purchasing an additional 335 shares during the last quarter. Monroe Bank & Trust MI bought a new position in shares of Signet Jewelers Limited during the third quarter valued at approximately $179,000. Finally, Pitcairn Co. bought a new position in shares of Signet Jewelers Limited during the third quarter valued at approximately $203,000.
A number of research analysts have commented on SIG shares. Cowen and Company restated a “hold” rating on shares of Signet Jewelers Limited in a research note on Tuesday, July 18th. Nomura set a $70.00 price objective on Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Needham & Company LLC started coverage on Signet Jewelers Limited in a research note on Tuesday, July 18th. They set a “buy” rating and a $69.00 price objective on the stock. BidaskClub cut Signet Jewelers Limited from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research upgraded Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Signet Jewelers Limited has an average rating of “Hold” and a consensus price target of $70.25.
Shares of Signet Jewelers Limited (NYSE SIG) opened at $69.49 on Tuesday. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The stock has a market capitalization of $4,281.17, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The company has a current ratio of 2.40, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. Signet Jewelers Limited’s revenue for the quarter was up 1.9% compared to the same quarter last year. equities research analysts expect that Signet Jewelers Limited will post 7.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers Limited’s payout ratio is currently 19.14%.
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About Signet Jewelers Limited
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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