Signet Jewelers Limited (NYSE:SIG) Declares Quarterly Dividend of $0.35

Signet Jewelers Limited (NYSE:SIG) announced a quarterly dividend on Tuesday, June 2nd. Investors of record on Friday, July 24th will be paid a dividend of 0.35 per share on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 24th.

Signet Jewelers has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Signet Jewelers to earn $11.23 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 11.4%.

Signet Jewelers Stock Performance

NYSE SIG traded up $3.10 during trading hours on Tuesday, reaching $87.92. The stock had a trading volume of 2,074,832 shares, compared to its average volume of 907,451. The stock has a fifty day moving average of $86.42 and a 200 day moving average of $89.55. The stock has a market cap of $3.52 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18. Signet Jewelers has a 52-week low of $71.61 and a 52-week high of $110.20.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.Signet Jewelers’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities research analysts forecast that Signet Jewelers will post 10.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price objective on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, March 20th. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a research report on Friday. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.88.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.