Signet Jewelers Limited (SIG) Now Covered by Analysts at Susquehanna Bancshares Inc
Susquehanna Bancshares Inc assumed coverage on shares of Signet Jewelers Limited (NYSE:SIG) in a research note published on Thursday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $60.00 price objective on the stock.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Signet Jewelers Limited from a hold rating to a buy rating and set a $71.00 target price for the company in a research report on Monday, September 4th. Nomura set a $70.00 target price on Signet Jewelers Limited and gave the company a buy rating in a research report on Tuesday, July 18th. Instinet reissued a buy rating and issued a $73.00 target price (up from $70.00) on shares of Signet Jewelers Limited in a research report on Monday, August 28th. ValuEngine cut Signet Jewelers Limited from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Cowen and Company reissued a market perform rating and issued a $67.00 target price (up from $61.00) on shares of Signet Jewelers Limited in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $70.25.
Signet Jewelers Limited (NYSE SIG) traded up $2.30 during trading hours on Thursday, hitting $67.69. The stock had a trading volume of 477,240 shares, compared to its average volume of 1,310,000. The firm has a market cap of $4,060.00, a PE ratio of 9.77, a P/E/G ratio of 1.22 and a beta of 1.03. Signet Jewelers Limited has a twelve month low of $46.09 and a twelve month high of $101.46. 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 released its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. research analysts forecast that Signet Jewelers Limited will post 7.14 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is 20.13%.
Several hedge funds have recently modified their holdings of SIG. BlackRock Inc. raised its stake in shares of Signet Jewelers Limited by 3,088.1% during the 1st quarter. BlackRock Inc. now owns 4,143,731 shares of the company’s stock worth $287,037,000 after buying an additional 4,013,758 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Signet Jewelers Limited by 64.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,106,207 shares of the company’s stock worth $69,960,000 after buying an additional 434,562 shares in the last quarter. FMR LLC raised its stake in shares of Signet Jewelers Limited by 59.5% during the 2nd quarter. FMR LLC now owns 1,159,117 shares of the company’s stock worth $73,303,000 after buying an additional 432,507 shares in the last quarter. Sapience Investments LLC raised its stake in shares of Signet Jewelers Limited by 4,383.9% during the 2nd quarter. Sapience Investments LLC now owns 428,210 shares of the company’s stock worth $27,080,000 after buying an additional 418,660 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Signet Jewelers Limited by 30.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock worth $107,451,000 after buying an additional 399,070 shares in the last quarter.
Signet Jewelers Limited Company Profile
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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