ValuEngine upgraded shares of Signet Jewelers Limited (NYSE:SIG) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC started coverage on shares of Signet Jewelers Limited in a research report on Tuesday, July 18th. They set a buy rating and a $69.00 price target for the company. Nomura set a $70.00 price target on shares of Signet Jewelers Limited and gave the stock a buy rating in a research report on Tuesday, July 18th. Bank of America Corporation restated a buy rating and set a $75.00 price target on shares of Signet Jewelers Limited in a research report on Wednesday, June 21st. Instinet restated a buy rating and set a $70.00 price target on shares of Signet Jewelers Limited in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada restated a buy rating and set a $63.00 price target on shares of Signet Jewelers Limited in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $70.93.

Shares of Signet Jewelers Limited (NYSE SIG) opened at 66.88 on Monday. The stock has a market cap of $4.04 billion, a P/E ratio of 10.07 and a beta of 0.98. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The stock has a 50 day moving average of $63.44 and a 200 day moving average of $62.09.

Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Equities analysts expect that Signet Jewelers Limited will post $7.03 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. Signet Jewelers Limited’s dividend payout ratio is presently 19.14%.

Large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia boosted its position in shares of Signet Jewelers Limited by 5.6% during the 2nd 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 in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Signet Jewelers Limited during the 1st quarter valued at about $115,000. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of Signet Jewelers Limited during the 2nd quarter valued at about $121,000. Tower Research Capital LLC TRC boosted its position in shares of Signet Jewelers Limited by 19.9% during the 2nd 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 in the last quarter. Finally, FNY Managed Accounts LLC bought a new position in shares of Signet Jewelers Limited during the 1st quarter valued at about $153,000.

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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Analyst Recommendations for Signet Jewelers Limited (NYSE:SIG)

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