Media stories about Signet Jewelers (NYSE:SIG) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Signet Jewelers earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.1006695864984 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
Signet Jewelers (NYSE:SIG) traded down $2.49 during trading on Monday, reaching $48.88. The company had a trading volume of 2,387,936 shares, compared to its average volume of 2,356,318. The firm has a market capitalization of $3,108.71, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.04 and a beta of 0.71. Signet Jewelers has a 12-month low of $46.09 and a 12-month high of $77.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. sell-side analysts anticipate that Signet Jewelers will post 6.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, February 1st. Signet Jewelers’s payout ratio is currently 20.39%.
A number of equities research analysts have commented on the company. Wells Fargo & Co set a $52.00 price target on Signet Jewelers and gave the company a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research cut Signet Jewelers from a “hold” rating to a “strong sell” rating in a research note on Friday. Needham & Company LLC set a $60.00 price objective on Signet Jewelers and gave the stock a “buy” rating in a research note on Thursday, January 11th. Cowen set a $54.00 price objective on Signet Jewelers and gave the stock a “hold” rating in a research note on Saturday, November 25th. Finally, Susquehanna Bancshares initiated coverage on Signet Jewelers in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $64.67.
In other Signet Jewelers news, insider Oded Edelman acquired 90,398 shares of the company’s stock in a transaction on Friday, January 12th. The shares were bought at an average cost of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the acquisition, the insider now owns 33,962 shares in the company, valued at $1,878,438.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.
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Signet Jewelers Company Profile
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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