Media headlines about Signet Jewelers (NYSE:SIG) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news 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 0.05 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.4923039113375 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several research firms recently weighed in on SIG. ValuEngine lowered Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada lowered Signet Jewelers from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $60.00 to $55.00 in a research note on Friday, January 12th. Wells Fargo set a $52.00 price objective on Signet Jewelers and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Needham & Company LLC set a $60.00 price objective on Signet Jewelers and gave the company a “buy” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Signet Jewelers has a consensus rating of “Hold” and an average price target of $52.45.
Shares of SIG stock opened at $37.83 on Friday. Signet Jewelers has a 12 month low of $33.11 and a 12 month high of $77.94. The stock has a market cap of $2,387.96, a PE ratio of 5.81, a PEG ratio of 1.24 and a beta of 0.84. The company has a current ratio of 3.32, a quick ratio of 1.12 and a debt-to-equity ratio of 0.28.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Wednesday, March 14th. The company reported $4.28 EPS for the quarter, beating the Zacks’ consensus estimate of $4.26 by $0.02. Signet Jewelers had a return on equity of 20.34% and a net margin of 8.30%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm posted $4.03 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. equities analysts predict that Signet Jewelers will post 3.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.91%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 3rd. Signet Jewelers’s dividend payout ratio (DPR) is 19.05%.
In related news, CEO Virginia Drosos acquired 4,830 shares of the stock in a transaction dated Friday, April 13th. The stock was bought at an average cost of $38.73 per share, for a total transaction of $187,065.90. Following the completion of the transaction, the chief executive officer now directly owns 116,682 shares of the company’s stock, valued at $4,519,093.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.
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About Signet Jewelers
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands.
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