Signet Jewelers Limited’s (SIG) “Neutral” Rating Reiterated at Northcoast Research
Northcoast Research restated their neutral rating on shares of Signet Jewelers Limited (NYSE:SIG) in a research note published on Friday morning. Northcoast Research also issued estimates for Signet Jewelers Limited’s FY2019 earnings at $7.60 EPS.
SIG has been the topic of several other research reports. BidaskClub downgraded shares of Signet Jewelers Limited from a hold rating to a sell rating in a research note on Monday, July 24th. Needham & Company LLC set a $69.00 price target on shares of Signet Jewelers Limited and gave the company a buy rating in a research report on Saturday, August 19th. Instinet reissued a buy rating and set a $73.00 price target (up previously from $70.00) on shares of Signet Jewelers Limited in a research report on Monday, August 28th. Wells Fargo & Company restated an outperform rating and issued a $75.00 price objective (up from $70.00) on shares of Signet Jewelers Limited in a report on Thursday, August 24th. Finally, Telsey Advisory Group boosted their price objective on shares of Signet Jewelers Limited from $60.00 to $66.00 and gave the stock a market perform rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $70.93.
Signet Jewelers Limited (SIG) opened at 66.55 on Friday. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46. The firm has a 50 day moving average of $61.20 and a 200-day moving average of $62.17. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 10.02 and a beta of 0.99.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business posted $1.14 EPS. Signet Jewelers Limited’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Signet Jewelers Limited will post $7.03 earnings per share for the current fiscal year.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.86%. Signet Jewelers Limited’s dividend payout ratio is currently 19.14%.
Large investors have recently modified their holdings of the company. Commonwealth Bank of Australia boosted its holdings in shares of Signet Jewelers Limited by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after buying an additional 85 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Signet Jewelers Limited during the first quarter valued at approximately $115,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in Signet Jewelers Limited during the second quarter valued at approximately $121,000. Tower Research Capital LLC TRC grew its position in 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 buying an additional 335 shares during the period. Finally, FNY Managed Accounts LLC bought a new stake in Signet Jewelers Limited during the first quarter valued at approximately $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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