Signet Jewelers Limited (NYSE:SIG) Receives Average Recommendation of “Moderate Buy” from Analysts

Signet Jewelers Limited (NYSE:SIG – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $85.00.

Several analysts have recently weighed in on SIG shares. Bank of America lifted their target price on Signet Jewelers from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 7th. Citigroup increased their target price on Signet Jewelers from $60.00 to $77.00 in a research report on Wednesday, December 7th. StockNews.com assumed coverage on Signet Jewelers in a research report on Thursday. They issued a “buy” rating for the company. UBS Group lifted their price objective on shares of Signet Jewelers from $79.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, December 7th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $75.00 target price on shares of Signet Jewelers in a research report on Thursday.

Signet Jewelers Stock Performance

NYSE:SIG opened at $75.52 on Friday. The firm has a market capitalization of $3.43 billion, a PE ratio of 12.18, a PEG ratio of 0.78 and a beta of 2.18. The stock’s fifty day moving average is $74.36 and its 200 day moving average is $66.49. Signet Jewelers has a fifty-two week low of $48.31 and a fifty-two week high of $84.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current ratio of 1.56.

Insider Buying and Selling at Signet Jewelers

In other news, insider Stash Ptak sold 1,000 shares of Signet Jewelers stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the transaction, the insider now directly owns 34,333 shares of the company’s stock, valued at approximately $2,574,975. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Virginia Drosos sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $73.62, for a total transaction of $736,200.00. Following the transaction, the chief executive officer now owns 925,305 shares in the company, valued at approximately $68,120,954.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stash Ptak sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the insider now directly owns 34,333 shares of the company’s stock, valued at approximately $2,574,975. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,000 shares of company stock worth $1,570,000. Insiders own 1.76% of the company’s stock.

Institutional Trading of Signet Jewelers

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Signet Jewelers by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 6,181,170 shares of the company’s stock valued at $449,370,000 after buying an additional 31,035 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Signet Jewelers by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,388,543 shares of the company’s stock valued at $136,597,000 after acquiring an additional 13,848 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Signet Jewelers by 10.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,843,906 shares of the company’s stock worth $125,386,000 after acquiring an additional 179,321 shares during the last quarter. State Street Corp increased its position in shares of Signet Jewelers by 2.5% during the first quarter. State Street Corp now owns 1,769,053 shares of the company’s stock worth $128,610,000 after purchasing an additional 42,874 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Signet Jewelers by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 842,456 shares of the company’s stock valued at $57,287,000 after purchasing an additional 29,590 shares during the last quarter. Institutional investors and hedge funds own 97.88% of the company’s stock.

About Signet Jewelers

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Signet Jewelers Ltd. engages in the retail of diamond jewelry. It operates through the following business segments: North America, International, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks, and off-mall locations throughout the U.S. and Canada. The International sells primarily in the UK and Ireland under the H.