In yesterday’s Wall Street session, Signet Jewelers Limited (NYSE:SIG) shares traded at $72.20, down -1.50% from the previous session.
As of this writing, 7 analysts cover Signet Jewelers Limited (NYSE:SIG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $92.00 and a low of $75.00, we find $83.50. Given the previous closing price of $73.30, this indicates a potential upside of 13.92 percent. SIG stock price is now 8.36% away from the 50-day moving average and 13.78% away from the 200-day moving average. The market capitalization of the company currently stands at $3.29B.
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There are 4 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $83.33 as their price target over the next twelve months.
With the price target reduced from $100 to $85, Telsey Advisory Group maintained Market Perform rating for Signet Jewelers Limited (NYSE: SIG). On November 01, 2021, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $140, while ‘BofA Securities’ rates the stock as ‘Neutral’.
In other news, Ptak Stash, insider sold 1,000 shares of the company’s stock on Jan 11. The stock was sold for $75,000 at an average price of $75.00. Upon completion of the transaction, the insider now directly owns 34,333 shares in the company, valued at $2.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09, Chief Supply Chain Officer Lovejoy Stephen E. sold 6,000 shares of the business’s stock. A total of $373,983 was realized by selling the stock at an average price of $62.33. This leaves the insider owning 82,732 shares of the company worth $5.97 million. Insiders disposed of 452,863 shares of company stock worth roughly $32.7 million over the past 1 year. A total of 2.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SIG stock. A new stake in Signet Jewelers Limited shares was purchased by GMT CAPITAL CORP during the first quarter worth $19,508,000. WALLEYE CAPITAL LLC invested $18,486,000 in shares of SIG during the first quarter. In the first quarter, WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC acquired a new stake in Signet Jewelers Limited valued at approximately $16,471,000. MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. acquired a new stake in SIG for approximately $9,534,000. HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC purchased a new stake in SIG valued at around $8,260,000 in the second quarter.
Thursday morning saw Signet Jewelers Limited (NYSE: SIG) opened at $72.69. During the past 12 months, Signet Jewelers Limited has had a low of $48.31 and a high of $92.25. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.60, and a quick ratio of 0.40. The fifty day moving average price for SIG is $66.81 and a two-hundred day moving average price translates $63.46 for the stock.
The latest earnings results from Signet Jewelers Limited (NYSE: SIG) was released for Jul, 2022. According to the Luxury Goods Company, earnings per share came in at $2.68, beating analysts’ expectations of $2.59 by 0.09. This compares to $1.45 EPS in the same period last year. The net profit margin was 4.70% and return on equity was 27.30% for SIG. The company reported revenue of $1.58 billion for the quarter, compared to $1.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.92 percent. For the current quarter, analysts expect SIG to generate $1.49B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/24/2023. Investors who held shares on 01/27/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 1.11% percent yield. There was an ex-dividend date of 01/26/2023 for this dividend. In terms of dividend payout ratio, SIG is presently at 10.10%.
Signet Jewelers Limited(SIG) Company Profile
Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands in the United Kingdom, Republic of Ireland, and Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. As of January 29, 2022, it operated 2,854 stores and kiosks. Signet Jewelers Limited is based in Hamilton, Bermuda.
