Signet Jewelers Limited (NYSE:SIG) received a $75.00 price target from stock analysts at J P Morgan Chase & Co in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 2.07% from the stock’s previous close.

A number of other brokerages have also issued reports on SIG. Zacks Investment Research raised shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Saturday, December 10th. Nomura set a $100.00 target price on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research note on Wednesday, November 23rd. Wells Fargo & Company reissued an “outperform” rating and set a $109.00 target price (up from $102.50) on shares of Signet Jewelers Limited in a research note on Monday, November 28th. Citigroup Inc. reissued a “neutral” rating and set a $90.00 target price (up from $83.00) on shares of Signet Jewelers Limited in a research note on Saturday, November 26th. Finally, Vetr lowered shares of Signet Jewelers Limited from a “hold” rating to a “sell” rating and set a $86.00 target price for the company. in a research note on Monday, November 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. Signet Jewelers Limited presently has an average rating of “Hold” and an average price target of $104.81.

Analyst Recommendations for Signet Jewelers Limited (NYSE:SIG)

Signet Jewelers Limited (NYSE:SIG) traded up 0.83% during mid-day trading on Thursday, reaching $74.09. 391,702 shares of the company’s stock were exchanged. Signet Jewelers Limited has a one year low of $70.79 and a one year high of $125.45. The firm has a market capitalization of $5.16 billion, a P/E ratio of 11.09 and a beta of 1.20. The company’s 50-day moving average is $81.16 and its 200 day moving average is $84.59.

Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Tuesday, November 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.10. The firm earned $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Signet Jewelers Limited had a net margin of 7.93% and a return on equity of 19.67%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. Equities analysts predict that Signet Jewelers Limited will post $7.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Friday, January 27th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, January 25th. This represents a $1.04 dividend on an annualized basis and a yield of 1.42%. Signet Jewelers Limited’s dividend payout ratio is presently 15.88%.

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Institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of Signet Jewelers Limited by 10.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 67,130 shares of the company’s stock worth $6,328,000 after buying an additional 6,100 shares in the last quarter. Armistice Capital LLC purchased a new position in shares of Signet Jewelers Limited during the fourth quarter worth approximately $5,844,000. Clough Capital Partners L P increased its position in shares of Signet Jewelers Limited by 18.5% in the fourth quarter. Clough Capital Partners L P now owns 78,374 shares of the company’s stock worth $7,388,000 after buying an additional 12,226 shares in the last quarter. Engine Capital Management LLC purchased a new position in shares of Signet Jewelers Limited during the fourth quarter worth approximately $5,000,000. Finally, Cigna Investments Inc. New purchased a new position in shares of Signet Jewelers Limited during the fourth quarter worth approximately $261,000.

Signet Jewelers Limited Company Profile

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.

5 Day Chart for NYSE:SIG

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