News headlines about Signet Jewelers (NYSE:SIG) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Signet Jewelers earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.6474745036261 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
Several analysts have recently weighed in on SIG shares. Bank of America set a $66.00 target price on Signet Jewelers and gave the company a “buy” rating in a research note on Saturday, November 25th. Nomura restated a “buy” rating and set a $64.00 target price on shares of Signet Jewelers in a research note on Wednesday, November 22nd. Needham & Company LLC restated a “buy” rating and set a $60.00 target price on shares of Signet Jewelers in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. Vetr downgraded Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 target price for the company. in a research note on Monday, December 11th. Finally, ValuEngine downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $64.67.
Shares of Signet Jewelers (SIG) traded up $2.12 during mid-day trading on Wednesday, hitting $51.12. 2,610,255 shares of the stock traded hands, compared to its average volume of 2,215,351. The company has a quick ratio of 0.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. Signet Jewelers has a twelve month low of $46.09 and a twelve month high of $77.94. The company has a market capitalization of $2,934.42, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.71.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Signet Jewelers had a net margin of 7.32% and a return on equity of 20.76%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. equities research analysts expect that Signet Jewelers will post 6.49 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.24 dividend on an annualized basis and a yield of 2.43%. Signet Jewelers’s dividend payout ratio is currently 20.39%.
In other Signet Jewelers news, insider Oded Edelman bought 90,398 shares of the business’s stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the acquisition, the insider now directly owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.
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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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