Shares of Signet Jewelers Ltd. (NYSE:SIG) have been given an average rating of “Hold” by the ten analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $28.63.

SIG has been the subject of several research analyst reports. Zacks Investment Research cut Garrett Motion from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Bank of America set a $80.00 price target on Canopy Growth and gave the company a “buy” rating in a report on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of Signet Jewelers in a report on Thursday, April 4th. Nomura cut their price target on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $22.00 price target (down previously from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd.

Shares of NYSE:SIG traded up $0.91 during trading on Friday, hitting $18.52. 1,325,196 shares of the company’s stock were exchanged, compared to its average volume of 1,723,584. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.31 and a current ratio of 2.07. Signet Jewelers has a 52-week low of $16.25 and a 52-week high of $71.07. The firm has a 50-day moving average of $18.56. The firm has a market capitalization of $919.08 million, a P/E ratio of 4.98, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, June 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.32. Signet Jewelers had a positive return on equity of 16.90% and a negative net margin of 2.76%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Research analysts expect that Signet Jewelers will post 3.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 7.99%. The ex-dividend date is Thursday, August 1st. Signet Jewelers’s dividend payout ratio is presently 39.78%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIG. Norges Bank purchased a new position in Signet Jewelers during the 4th quarter valued at approximately $25,113,000. Duality Advisers LP bought a new stake in shares of Signet Jewelers in the 1st quarter valued at approximately $5,475,000. Millennium Management LLC lifted its stake in shares of Signet Jewelers by 288.8% in the 4th quarter. Millennium Management LLC now owns 195,614 shares of the company’s stock valued at $6,215,000 after purchasing an additional 145,307 shares during the last quarter. Wesleyan Assurance Society bought a new stake in shares of Signet Jewelers in the 1st quarter valued at approximately $3,838,000. Finally, Sapience Investments LLC lifted its stake in shares of Signet Jewelers by 60.8% in the 4th quarter. Sapience Investments LLC now owns 348,045 shares of the company’s stock valued at $11,057,000 after purchasing an additional 131,660 shares during the last quarter. Institutional investors and hedge funds own 99.64% of the company’s stock.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.