Signet Jewelers Limited (NYSE:SIG – Get Rating) announced a quarterly dividend on Tuesday, December 6th, Zacks reports. Investors of record on Friday, January 27th will be paid a dividend of 0.20 per share on Friday, February 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, January 26th.
Signet Jewelers has decreased its dividend by an average of 12.8% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Signet Jewelers has a payout ratio of 6.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Signet Jewelers to earn $11.09 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 7.2%.
Signet Jewelers Price Performance
Shares of NYSE SIG opened at $77.56 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.56 and a quick ratio of 0.37. The stock has a fifty day moving average price of $67.65 and a 200 day moving average price of $63.25. Signet Jewelers has a 1-year low of $48.31 and a 1-year high of $88.43. The company has a market cap of $3.52 billion, a PE ratio of 12.51, a P/E/G ratio of 0.76 and a beta of 2.12.
Wall Street Analysts Forecast Growth
SIG has been the subject of a number of recent analyst reports. UBS Group raised their target price on Signet Jewelers from $79.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, December 7th. Citigroup lifted their price target on Signet Jewelers from $60.00 to $77.00 in a research note on Wednesday, December 7th. StockNews.com started coverage on Signet Jewelers in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Bank of America lifted their price target on Signet Jewelers from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 7th. Finally, Telsey Advisory Group lifted their price target on Signet Jewelers from $72.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.00.
Insider Buying and Selling
In related news, insider Stash Ptak sold 1,000 shares of Signet Jewelers stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the insider now owns 34,333 shares in the company, valued at approximately $2,574,975. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.76% of the stock is currently owned by company insiders.
Institutional Trading of Signet Jewelers
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in Signet Jewelers by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 25,233 shares of the company’s stock valued at $1,349,000 after buying an additional 217 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of Signet Jewelers by 8.4% in the 1st quarter. Evergreen Capital Management LLC now owns 2,964 shares of the company’s stock valued at $215,000 after purchasing an additional 229 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Signet Jewelers by 1.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,524 shares of the company’s stock valued at $1,856,000 after purchasing an additional 404 shares in the last quarter. Pathstone Family Office LLC lifted its stake in shares of Signet Jewelers by 9.7% in the 3rd quarter. Pathstone Family Office LLC now owns 4,856 shares of the company’s stock valued at $278,000 after purchasing an additional 430 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of Signet Jewelers by 8.5% in the 1st quarter. Lido Advisors LLC now owns 6,303 shares of the company’s stock valued at $458,000 after purchasing an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 97.88% of the company’s stock.
About Signet Jewelers
Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.
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