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 paid a dividend of 0.31 per share on Wednesday, August 30th. This represents a $1.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, July 26th.
Signet Jewelers Limited has raised its dividend payment by an average of 20.6% annually 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 18.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Signet Jewelers Limited to earn $7.10 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 17.5%.
Signet Jewelers Limited (NYSE SIG) traded down 0.94% on Friday, hitting $53.59. 1,167,552 shares of the company were exchanged. The stock has a market capitalization of $3.67 billion, a P/E ratio of 8.51 and a beta of 1.00. The stock’s 50-day moving average price is $59.46 and its 200-day moving average price is $63.68. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46.
Signet Jewelers Limited (NYSE:SIG) last announced its earnings results on Thursday, May 25th. The company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.63. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.46 billion. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.95 earnings per share. On average, equities research analysts anticipate that Signet Jewelers Limited will post $6.68 earnings per share for the current fiscal year.
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SIG has been the subject of several recent research reports. Bank of America Corporation reissued a “buy” rating and issued a $75.00 price objective (down from $90.00) on shares of Signet Jewelers Limited in a research note on Sunday, May 28th. CL King downgraded Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price objective for the company. in a research note on Friday, May 26th. Royal Bank Of Canada set a $63.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Friday, May 26th. Cowen and Company increased their price objective on Signet Jewelers Limited from $54.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, June 23rd. Finally, ValuEngine downgraded Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $77.35.
In other Signet Jewelers Limited news, Director H. Todd Stitzer purchased 2,090 shares of the stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of $47.91 per share, for a total transaction of $100,131.90. Following the acquisition, the director now owns 16,823 shares in the company, valued at approximately $805,989.93. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.
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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