Signet Jewelers Ltd. (NYSE:SIG) traded up 5.2% during trading on Friday . The stock traded as high as $18.65 and last traded at $18.52, 1,325,196 shares traded hands during trading. A decline of 29% from the average session volume of 1,864,944 shares. The stock had previously closed at $17.61.

Several research analysts have commented on the stock. Bank of America set a $80.00 price target on shares of Canopy Growth and gave the stock 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. Telsey Advisory Group restated a “market perform” rating and issued a $22.00 target price (down previously from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd. Nomura lowered their target price on shares of Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Finally, Zacks Investment Research cut shares of Garrett Motion from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.54.

The stock has a 50-day moving average price of $18.56. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 0.31. The firm has a market cap of $927.94 million, a PE ratio of 4.98, a P/E/G ratio of 0.91 and a beta of 0.94.

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIG. Norges Bank acquired a new position in Signet Jewelers in the 4th quarter worth about $25,113,000. Duality Advisers LP purchased a new stake in shares of Signet Jewelers during the first quarter valued at approximately $5,475,000. Millennium Management LLC increased its position in shares of Signet Jewelers by 288.8% during the fourth quarter. Millennium Management LLC now owns 195,614 shares of the company’s stock valued at $6,215,000 after acquiring an additional 145,307 shares during the last quarter. Wesleyan Assurance Society bought a new position in Signet Jewelers during the first quarter valued at $3,838,000. Finally, Sapience Investments LLC grew its holdings in Signet Jewelers by 29.3% during the first quarter. Sapience Investments LLC now owns 450,035 shares of the company’s stock valued at $12,223,000 after purchasing an additional 101,990 shares during the period. Institutional investors and hedge funds own 99.64% of the company’s stock.

Signet Jewelers Company Profile (NYSE:SIG)

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, an online jewelry retailer Website.

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