Press coverage about Signet Jewelers Limited (NYSE:SIG) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Signet Jewelers Limited earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the company an impact score of 56 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Signet Jewelers Ltd (SIG) Shares Placed Under the Microscope – Evergreen Caller (evergreencaller.com)
- $1.34 Billion in Sales Expected for Signet Jewelers Limited (NYSE:SIG) This Quarter (americanbankingnews.com)
- Signet Jewelers Limited (NYSE:SIG) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Signet Jewelers Schedules Fiscal 2018 Second Quarter Earnings Release and Conference Call (finance.yahoo.com)
- Teachers Advisors LLC Has $6.96 Million Stake in Signet Jewelers Limited (SIG) (newstrendstoday.com)
SIG has been the topic of a number of research analyst reports. Buckingham Research cut Signet Jewelers Limited from a “buy” rating to a “neutral” rating and reduced their target price for the company from $86.00 to $65.00 in a report on Wednesday, May 24th. Telsey Advisory Group reduced their target price on Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating on the stock in a report on Friday, May 26th. CL King lowered Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research report 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 report on Friday, May 26th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $54.00 target price (down from $65.00) on shares of Signet Jewelers Limited in a research report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $77.35.
Shares of Signet Jewelers Limited (SIG) opened at 62.00 on Wednesday. The firm has a 50-day moving average of $60.45 and a 200 day moving average of $65.43. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 9.85 and a beta of 1.00.
Signet Jewelers Limited (NYSE:SIG) last posted its earnings results on Thursday, May 25th. The company reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.63. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. The company’s revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts expect that Signet Jewelers Limited will post $6.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, July 26th. Signet Jewelers Limited’s dividend payout ratio is currently 19.97%.
In other news, Director H. Todd Stitzer acquired 2,090 shares of Signet Jewelers Limited stock in a transaction dated Wednesday, May 31st. The shares were bought at an average cost of $47.91 per share, with a total value of $100,131.90. Following the purchase, the director now owns 16,823 shares in the company, valued at approximately $805,989.93. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.
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About Signet Jewelers Limited
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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