Signet Jewelers Limited (NYSE:SIG) announced a quarterly dividend on Friday, May 26th, Wall Street Journal reports. Shareholders of record on Friday, July 28th will be given a dividend of 0.31 per share on Wednesday, August 30th. This represents a $1.24 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Wednesday, July 26th.
Signet Jewelers Limited has raised its dividend payment by an average of 20.6% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Signet Jewelers Limited has a dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Signet Jewelers Limited to earn $6.89 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 18.0%.
Shares of Signet Jewelers Limited (NYSE SIG) opened at 56.54 on Friday. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The firm has a 50 day moving average price of $60.52 and a 200 day moving average price of $64.65. The stock has a market cap of $3.87 billion, a PE ratio of 8.98 and a beta of 1.00.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.63. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm posted $1.95 EPS. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, equities analysts expect that Signet Jewelers Limited will post $6.67 EPS for the current year.
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In other news, Director H. Todd Stitzer acquired 2,090 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average price of $47.91 per share, with a total value of $100,131.90. Following the completion of the purchase, the director now directly owns 16,823 shares in the company, valued at $805,989.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the company. Instinet restated a “buy” rating and issued a $70.00 price objective on shares of Signet Jewelers Limited in a research report on Wednesday, June 21st. Cowen and Company restated a “market perform” rating and issued a $54.00 price objective (down from $65.00) on shares of Signet Jewelers Limited in a research report on Sunday, May 28th. BidaskClub upgraded Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Bank of America Corporation restated a “buy” rating and issued a $75.00 price objective on shares of Signet Jewelers Limited in a research report on Wednesday, June 21st. Finally, Needham & Company LLC assumed coverage on Signet Jewelers Limited in a research report on Tuesday, July 18th. They issued a “buy” rating and a $69.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $77.35.
Signet Jewelers Limited 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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