Signet Jewelers (NYSE:SIG) announced its quarterly earnings results on Wednesday. The company reported $4.28 EPS for the quarter, beating the Zacks’ consensus estimate of $4.26 by $0.02, Bloomberg Earnings reports. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%. Signet Jewelers’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.03 EPS. Signet Jewelers updated its FY19 guidance to $3.75-4.25 EPS.
Signet Jewelers (NYSE:SIG) traded down $8.17 during mid-day trading on Wednesday, reaching $39.74. The company’s stock had a trading volume of 15,194,112 shares, compared to its average volume of 2,188,300. The firm has a market cap of $2,903.56, a P/E ratio of 7.07, a P/E/G ratio of 1.00 and a beta of 0.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. Signet Jewelers has a fifty-two week low of $39.14 and a fifty-two week high of $77.94.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. Signet Jewelers’s dividend payout ratio (DPR) is currently 20.39%.
A number of hedge funds have recently added to or reduced their stakes in SIG. Discovery Capital Management LLC CT bought a new position in shares of Signet Jewelers during the 4th quarter worth approximately $77,095,000. Alliancebernstein L.P. raised its holdings in shares of Signet Jewelers by 1,105.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,302,225 shares of the company’s stock worth $73,641,000 after purchasing an additional 1,194,187 shares during the period. Schroder Investment Management Group bought a new stake in shares of Signet Jewelers in the 4th quarter worth approximately $47,013,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Signet Jewelers by 998.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 528,255 shares of the company’s stock worth $29,873,000 after purchasing an additional 480,155 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in shares of Signet Jewelers by 86.4% in the 4th quarter. Guggenheim Capital LLC now owns 906,766 shares of the company’s stock worth $51,277,000 after purchasing an additional 420,413 shares during the period.
Several brokerages recently issued reports on SIG. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $52.00 target price on shares of Signet Jewelers in a research report on Monday. ValuEngine raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised Signet Jewelers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Royal Bank of Canada lowered Signet Jewelers from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $60.00 to $55.00 in a research report on Friday, January 12th. Finally, Wells Fargo & Co set a $52.00 target price on Signet Jewelers and gave the stock a “hold” rating in a research report on Thursday, January 11th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Signet Jewelers presently has a consensus rating of “Hold” and a consensus price target of $62.78.
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Signet Jewelers Company Profile
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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