Signet Jewelers Ltd. Expected to Earn FY2019 Earnings of $7.20 Per Share (NYSE:SIG)

Signet Jewelers Ltd. (NYSE:SIG) – Stock analysts at Northcoast Research lowered their FY2019 EPS estimates for shares of Signet Jewelers in a report issued on Monday, Zacks Investment Research reports. Northcoast Research analyst K. Szafraniec now anticipates that the company will post earnings per share of $7.20 for the year, down from their previous estimate of $7.30. Northcoast Research has a “Neutral” rating on the stock.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%.

Several other analysts also recently issued reports on the company. Royal Bank of Canada downgraded Signet Jewelers from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $60.00 to $55.00 in a research note on Friday, January 12th. Wells Fargo & Co set a $52.00 price objective on Signet Jewelers and gave the company a “hold” rating in a report on Thursday, January 11th. Needham & Company LLC set a $60.00 price objective on Signet Jewelers and gave the company a “buy” rating in a report on Thursday, January 11th. ValuEngine cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Vetr cut Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 price objective for the company. in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.67.

Signet Jewelers (NYSE:SIG) traded down $1.15 on Tuesday, reaching $55.64. The company had a trading volume of 1,766,766 shares, compared to its average volume of 2,510,000. The company has a market cap of $3,370.00, a P/E ratio of 9.66, a PEG ratio of 1.10 and a beta of 0.94. Signet Jewelers has a twelve month low of $46.09 and a twelve month high of $84.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of Signet Jewelers by 30.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock worth $107,451,000 after buying an additional 399,070 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Signet Jewelers by 30.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,446,968 shares of the company’s stock worth $96,298,000 after buying an additional 340,761 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Signet Jewelers by 84.3% during the 2nd quarter. Janus Henderson Group PLC now owns 17,449 shares of the company’s stock worth $1,103,000 after buying an additional 7,983 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in shares of Signet Jewelers during the 3rd quarter worth $826,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Signet Jewelers by 375.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 77,125 shares of the company’s stock worth $4,259,000 after buying an additional 60,897 shares in the last quarter.

In other Signet Jewelers news, insider Oded Edelman purchased 90,398 shares of the stock in a transaction dated Friday, January 12th. The stock was bought at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the acquisition, the insider now owns 33,962 shares of the company’s stock, valued at $1,878,438.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Thursday, February 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.23%. Signet Jewelers’s dividend payout ratio (DPR) is currently 21.53%.

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About Signet Jewelers

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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Earnings History and Estimates for Signet Jewelers (NYSE:SIG)

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