Signet Jewelers Limited to Issue Quarterly Dividend of $0.18 (NYSE:SIG)

Signet Jewelers Limited (NYSE:SIG) announced a quarterly dividend on Thursday, June 10th, Zacks reports. Investors of record on Friday, July 30th will be paid a dividend of 0.18 per share on Friday, August 27th. This represents a $0.72 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, July 29th.

NYSE:SIG opened at $70.88 on Friday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -49.00 and a beta of 2.61. The company’s 50 day moving average is $61.29. Signet Jewelers has a 52 week low of $9.70 and a 52 week high of $74.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 0.78.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Wednesday, June 9th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.96. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.62 billion. Signet Jewelers had a positive return on equity of 13.68% and a negative net margin of 0.32%. The business’s revenue was up 98.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.59) earnings per share. On average, sell-side analysts forecast that Signet Jewelers will post 4.71 EPS for the current fiscal year.

Several research firms have issued reports on SIG. Citigroup upped their price target on Signet Jewelers from $68.00 to $79.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company raised shares of Signet Jewelers from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $57.00 to $70.00 in a research note on Thursday. Telsey Advisory Group upped their price target on shares of Signet Jewelers from $60.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 13th. Finally, Zacks Investment Research raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, April 21st. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $65.00.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, and Peoples Jewellers, as well as operates online through JamesAllen.com.

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Dividend History for Signet Jewelers (NYSE:SIG)

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