Signet Jewelers (NYSE:SIG) Stock Price Down 0.2%

Signet Jewelers Ltd. (NYSE:SIG) fell 0.2% on Friday . The company traded as low as $16.73 and last traded at $17.05, 39,906 shares changed hands during mid-day trading. A decline of 97% from the average session volume of 1,404,890 shares. The stock had previously closed at $17.09.

A number of research analysts recently issued reports on SIG shares. Nomura reduced their price objective on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of Signet Jewelers in a research report on Thursday, April 4th. Telsey Advisory Group restated a “market perform” rating and set a $22.00 price objective (down previously from $28.00) on shares of Signet Jewelers in a research report on Monday, June 3rd. Finally, Bank of America reduced their price objective on Signet Jewelers from $30.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.54.

The company has a market cap of $911.76 million, a price-to-earnings ratio of 4.64, a price-to-earnings-growth ratio of 0.91 and a beta of 0.94. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.31 and a current ratio of 2.07. The business’s 50-day moving average is $17.78.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, June 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Signet Jewelers Ltd. will post 3.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be given a dividend of $0.37 per share. 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 8.57%. Signet Jewelers’s dividend payout ratio (DPR) is presently 39.78%.

A number of hedge funds have recently made changes to their positions in SIG. Norges Bank acquired a new position in Signet Jewelers during the 4th quarter worth $25,113,000. Robeco Institutional Asset Management B.V. boosted its position in Signet Jewelers by 89.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 741,588 shares of the company’s stock worth $13,261,000 after acquiring an additional 349,327 shares during the period. Duality Advisers LP acquired a new position in Signet Jewelers during the 1st quarter worth $5,475,000. Millennium Management LLC boosted its position in Signet Jewelers by 288.8% during the 4th quarter. Millennium Management LLC now owns 195,614 shares of the company’s stock worth $6,215,000 after acquiring an additional 145,307 shares during the period. Finally, Wesleyan Assurance Society acquired a new position in Signet Jewelers during the 1st quarter worth $3,838,000. Institutional investors own 99.46% 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 JamesAllen.com, an online jewelry retailer Website.

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