Signet Jewelers Limited ( – ) reached a new 52-week high on Thursday after UBS Group raised their price target on the stock from $128.00 to $152.00. UBS Group currently has a buy rating on the stock. Signet Jewelers traded as high as $109.15 and last traded at $109.05, with a volume of 323647 shares trading hands. The stock had previously closed at $104.43.
SIG has been the subject of a number of other research reports. cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Telsey Advisory Group lifted their target price on Signet Jewelers from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday. Bank of America dropped their target price on Signet Jewelers from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Wells Fargo & Company lifted their target price on Signet Jewelers from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, December 22nd. Finally, Citigroup upgraded Signet Jewelers from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $119.00 in a report on Wednesday, December 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Signet Jewelers has an average rating of “Hold” and a consensus target price of $120.20.
Insider Buying and Selling
In related news, insider sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $99.60, for a total transaction of $99,600.00. Following the completion of the sale, the insider now directly owns 65,999 shares of the company’s stock, valued at approximately $6,573,500.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through . In other Signet Jewelers news, insider sold 3,000 shares of Signet Jewelers stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the completion of the sale, the insider now directly owns 75,664 shares of the company’s stock, valued at approximately $7,490,736. The sale was disclosed in a filing with the SEC, which is available at . Also, insider Howard A. Melnick sold 1,000 shares of Signet Jewelers stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $99.60, for a total value of $99,600.00. Following the sale, the insider now directly owns 65,999 shares of the company’s stock, valued at $6,573,500.40. The disclosure for this sale can be found . In the last three months, insiders sold 92,435 shares of company stock valued at $8,987,931. Insiders own 4.54% of the company’s stock.
Institutional Investors Weigh In On Signet Jewelers
Institutional investors and hedge funds have recently bought and sold shares of the company. Belpointe Asset Management LLC raised its position in shares of Signet Jewelers by 67.9% in the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock worth $31,000 after acquiring an additional 163 shares in the last quarter. Quarry LP raised its position in shares of Signet Jewelers by 274.1% in the 1st quarter. Quarry LP now owns 404 shares of the company’s stock worth $31,000 after acquiring an additional 296 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Signet Jewelers by 37.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares in the last quarter. Ronald Blue Trust Inc. raised its position in shares of Signet Jewelers by 187.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 494 shares of the company’s stock worth $35,000 after acquiring an additional 322 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Signet Jewelers in the 4th quarter worth $64,000.
Signet Jewelers Trading Up 1.5 %
The stock has a market capitalization of $4.70 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 1.23 and a beta of 2.13. The company has a 50-day moving average price of $100.44 and a 200 day moving average price of $90.22.
Signet Jewelers ( – ) last released its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping the consensus estimate of $6.33 by $0.40. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.52 EPS. As a group, research analysts expect that Signet Jewelers Limited will post 9.65 earnings per share for the current year.
Signet Jewelers Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.09%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, April 25th. Signet Jewelers’s payout ratio is 7.74%.
About Signet Jewelers
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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 Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.
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