Signet Jewelers (SIG) Given Daily Media Sentiment Rating of 0.18

Media stories about Signet Jewelers (NYSE:SIG) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Signet Jewelers earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.6474745036261 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently issued reports on SIG shares. Susquehanna Bancshares assumed coverage on shares of Signet Jewelers in a research report on Thursday, November 2nd. They set a “neutral” rating and a $60.00 price target on the stock. Buckingham Research lifted their price target on shares of Signet Jewelers from $55.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Wells Fargo & Co lowered Signet Jewelers from an “outperform” rating to a “market perform” rating and cut their target price for the company from $75.00 to $60.00 in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada cut their target price on Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. Signet Jewelers has an average rating of “Hold” and a consensus target price of $64.67.

Shares of Signet Jewelers (NYSE SIG) traded up $0.96 during mid-day trading on Wednesday, hitting $50.07. 1,415,676 shares of the company were exchanged, compared to its average volume of 2,180,000. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3,030.00, a P/E ratio of 8.69, a P/E/G 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.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Signet Jewelers had a net margin of 7.32% and a return on equity of 20.76%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. equities analysts expect that Signet Jewelers will post 6.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.24 annualized dividend and a yield of 2.48%. Signet Jewelers’s dividend payout ratio is presently 21.53%.

In related news, insider Oded Edelman acquired 90,398 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was bought at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Signet Jewelers (NYSE:SIG)

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