Traders Buy High Volume of Signet Jewelers Limited Put Options (SIG)
Signet Jewelers Limited (NYSE:SIG) saw some unusual options trading on Thursday. Investors acquired 41,770 put options on the stock. This represents an increase of Infinity compared to the average volume of 0 put options.
Several research analysts have weighed in on SIG shares. Zacks Investment Research upgraded Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, September 4th. Wells Fargo & Company set a $97.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a report on Wednesday, August 23rd. ValuEngine raised Signet Jewelers Limited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Royal Bank of Canada set a $66.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Buckingham Research reissued a “neutral” rating and issued a $51.00 price target on shares of Signet Jewelers Limited in a report on Saturday, August 26th. 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 stock. The company has an average rating of “Hold” and an average price target of $70.25.
A number of hedge funds have recently modified their holdings of the stock. Commonwealth Bank of Australia raised 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 acquiring an additional 85 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Signet Jewelers Limited in the second quarter worth $121,000. Tower Research Capital LLC TRC raised its holdings in shares of Signet Jewelers Limited by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after acquiring an additional 335 shares during the last quarter. Monroe Bank & Trust MI acquired a new position in shares of Signet Jewelers Limited in the third quarter worth $179,000. Finally, Pitcairn Co. acquired a new position in shares of Signet Jewelers Limited in the third quarter worth $203,000.
Signet Jewelers Limited (SIG) opened at $70.81 on Friday. The stock has a market capitalization of $4,283.59, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.32 and a beta of 1.03. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year 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 issued its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.23. The firm 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%. Signet Jewelers Limited’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. analysts predict that Signet Jewelers Limited will post 7.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be issued a dividend of $0.31 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.24 annualized dividend and a yield of 1.75%. Signet Jewelers Limited’s dividend payout ratio is presently 19.14%.
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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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