Signet Jewelers Limited Announces Quarterly Dividend of $0.29 (NYSE:SIG)

Signet Jewelers Limited (NYSE:SIG) declared a quarterly dividend on Thursday, June 13th, Zacks reports. Shareholders of record on Friday, July 26th will be paid a dividend of 0.29 per share on Friday, August 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, July 26th.

Signet Jewelers has increased its dividend payment by an average of 34.0% annually over the last three years. Signet Jewelers has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Signet Jewelers to earn $11.76 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 9.9%.

Signet Jewelers Trading Down 0.3 %

Signet Jewelers stock opened at $85.00 on Wednesday. Signet Jewelers has a 12 month low of $65.12 and a 12 month high of $112.06. The business’s fifty day simple moving average is $94.83 and its two-hundred day simple moving average is $97.87. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 0.92 and a beta of 2.16.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. Signet Jewelers’s revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. On average, equities research analysts predict that Signet Jewelers will post 10.6 EPS for the current year.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the completion of the sale, the chief accounting officer now directly owns 46,076 shares in the company, valued at approximately $4,683,164.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Vincent Ciccolini sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $101.64, for a total value of $406,560.00. Following the transaction, the chief accounting officer now owns 46,076 shares of the company’s stock, valued at $4,683,164.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the sale, the insider now owns 189,231 shares of the company’s stock, valued at $17,373,298.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,439 shares of company stock valued at $3,905,479. 3.26% of the stock is owned by company insiders.

Analyst Ratings Changes

SIG has been the subject of several analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Signet Jewelers in a research report on Thursday, June 13th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Wells Fargo & Company increased their price objective on Signet Jewelers from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Citigroup reissued a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a research report on Friday, June 14th. Finally, UBS Group raised their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.20.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.