Signet Jewelers Ltd. Declares Quarterly Dividend of $0.18 (SIG)
Signet Jewelers (NYSE:SIG) announced a quarterly dividend on Tuesday, June 17th, Analyst Ratings News reports. Shareholders of record on Friday, August 1st will be paid a dividend of 0.18 per share on Wednesday, August 27th. This represents a $0.72 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, July 30th.
SIG has been the subject of a number of recent research reports. Analysts at ISI Group raised their price target on shares of Signet Jewelers to $120.00 in a research note on Friday, May 30th. On the ratings front, analysts at Telsey Advisory Group raised their price target on shares of Signet Jewelers from $112.00 to $120.00 in a research note on Friday, May 30th. They now have a “not rated” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Signet Jewelers from $105.00 to $115.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $114.76.
Signet Jewelers (NYSE:SIG) traded up 1.20% during mid-day trading on Tuesday, hitting $108.84. The stock had a trading volume of 718,099 shares. Signet Jewelers has a one year low of $64.95 and a one year high of $108.82. The stock’s 50-day moving average is $103.3 and its 200-day moving average is $91.70. The company has a market cap of $8.729 billion and a price-to-earnings ratio of 23.23.
Signet Jewelers (NYSE:SIG) last released its earnings data on Thursday, May 22nd. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Signet Jewelers will post $5.17 EPS for the current fiscal year.
Signet Jewelers Limited (NYSE:SIG) is a specialty retail jeweler by sales in the United States and United Kingdom, and also has stores in the Republic of Ireland and Channel Islands.
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