Signet Jewelers Sees Unusually High Options Volume (NYSE:SIG)
by Amy Steele · The Cerbat GemSignet Jewelers Limited (NYSE:SIG – Get Free Report) was the recipient of some unusual options trading on Monday. Investors acquired 13,903 call options on the stock. This is an increase of 515% compared to the typical volume of 2,260 call options.
Analyst Ratings Changes
SIG has been the subject of several research analyst reports. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. The Goldman Sachs Group raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a report on Thursday, March 19th. Finally, Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.00.
Check Out Our Latest Stock Report on SIG
Hedge Funds Weigh In On Signet Jewelers
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in Signet Jewelers by 12.3% in the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock worth $152,775,000 after buying an additional 174,873 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Signet Jewelers by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock worth $225,046,000 after buying an additional 43,925 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Signet Jewelers by 212.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock worth $48,016,000 after buying an additional 340,228 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Signet Jewelers by 163.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock worth $3,349,000 after buying an additional 21,660 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. bought a new position in Signet Jewelers in the 3rd quarter worth approximately $47,837,000.
Signet Jewelers Stock Up 1.5%
Shares of NYSE:SIG traded up $1.39 during trading on Monday, hitting $95.97. 457,078 shares of the company traded hands, compared to its average volume of 929,185. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.09 and a beta of 1.25. The business’s fifty day moving average is $90.73 and its 200-day moving average is $92.76. Signet Jewelers has a one year low of $52.14 and a one year high of $110.20.
Signet Jewelers (NYSE:SIG – Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported $6.25 EPS for the quarter, beating the consensus estimate of $6.11 by $0.14. The company had revenue of ($4,468.50) million during the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The business’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.62 earnings per share. On average, analysts forecast that Signet Jewelers will post 8.73 EPS for the current year.
Signet Jewelers Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, April 24th will be issued a $0.35 dividend. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Signet Jewelers’s dividend payout ratio is currently 17.95%.
Signet Jewelers Company Profile
Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.
The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.