Signet Jewelers (SIG) Lifted to “C-” at TheStreet
A number of other research firms also recently weighed in on SIG. Nomura raised their price target on Signet Jewelers from $41.00 to $62.00 and gave the company a buy rating in a research report on Thursday, June 21st. ValuEngine downgraded Signet Jewelers from a sell rating to a strong sell rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded Signet Jewelers from a hold rating to a buy rating and set a $67.00 price target on the stock in a research report on Thursday, July 12th. Citigroup raised their price target on Signet Jewelers from $39.00 to $52.00 and gave the company a neutral rating in a research report on Friday, June 8th. Finally, Telsey Advisory Group restated a market perform rating and set a $56.00 price target (up previously from $40.00) on shares of Signet Jewelers in a research report on Thursday, June 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Signet Jewelers has a consensus rating of Hold and a consensus price target of $55.12.
NYSE:SIG opened at $61.70 on Tuesday. The firm has a market cap of $3.77 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. Signet Jewelers has a 52-week low of $33.11 and a 52-week high of $77.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.04 and a quick ratio of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.40%. Signet Jewelers’s payout ratio is 22.73%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in shares of Signet Jewelers in the second quarter worth about $112,000. Itau Unibanco Holding S.A. purchased a new position in shares of Signet Jewelers in the second quarter worth about $132,000. Trilogy Capital Inc. purchased a new position in shares of Signet Jewelers in the first quarter worth about $121,000. St. Johns Investment Management Company LLC purchased a new position in shares of Signet Jewelers in the second quarter worth about $193,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Signet Jewelers in the second quarter worth about $206,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.
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