Signet Jewelers Ltd. (NYSE:SIG) announced a quarterly dividend on Wednesday, January 10th, Zacks reports. Shareholders of record on Friday, February 2nd will be paid a dividend of 0.31 per share on Saturday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, February 1st.
Signet Jewelers has raised its dividend payment by an average of 10.5% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Signet Jewelers has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Signet Jewelers to earn $6.18 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 20.1%.
Signet Jewelers (SIG) traded down $1.27 on Friday, hitting $51.37. The stock had a trading volume of 1,964,248 shares, compared to its average volume of 2,280,441. Signet Jewelers has a 12 month low of $46.09 and a 12 month high of $77.94. The company has a quick ratio of 0.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3,185.56, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.07 and a beta of 0.71.
Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%. equities research analysts anticipate that Signet Jewelers will post 6.49 EPS for the current fiscal year.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada dropped their price objective on Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, November 22nd. Wells Fargo & Co lowered Signet Jewelers from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $75.00 to $60.00 in a research note on Tuesday, November 21st. Telsey Advisory Group lowered their target price on Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, November 22nd. Finally, Susquehanna Bancshares assumed coverage on Signet Jewelers in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.67.
In other news, insider Oded Edelman bought 90,398 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were acquired at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the transaction, the insider now owns 33,962 shares in the company, valued at $1,878,438.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.
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About Signet Jewelers
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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