Signet Jewelers Limited (SIG) to Issue Quarterly Dividend of $0.23 on May 26th

Signet Jewelers Limited (NYSE:SIGGet Rating) announced a quarterly dividend on Thursday, March 16th, Zacks reports. Investors of record on Friday, April 28th will be given a dividend of 0.23 per share on Friday, May 26th. This represents a $0.92 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.20.

Signet Jewelers has decreased its dividend payment by an average of 12.8% annually over the last three years and has increased its dividend every year for the last 1 years. Signet Jewelers has a dividend payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Signet Jewelers to earn $10.86 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 7.4%.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $73.30 on Friday. The stock’s fifty day moving average price is $74.53 and its two-hundred day moving average price is $66.55. Signet Jewelers has a one year low of $48.31 and a one year high of $84.11. 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 firm has a market cap of $3.33 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.79 and a beta of 2.18.

Signet Jewelers (NYSE:SIGGet Rating) last posted its quarterly earnings data on Thursday, March 16th. The company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.35 by $0.17. Signet Jewelers had a return on equity of 47.90% and a net margin of 5.18%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the company earned $5.01 EPS. The company’s revenue was down 5.3% on a year-over-year basis. As a group, research analysts expect that Signet Jewelers will post 11.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com assumed coverage on Signet Jewelers in a research note on Thursday. They set a “buy” rating on the stock. UBS Group lifted their price target on Signet Jewelers from $79.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, December 7th. Bank of America lifted their price target on Signet Jewelers from $65.00 to $75.00 and gave the company a “neutral” rating in a research note 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. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 price target on shares of Signet Jewelers in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.00.

Insider Buying and Selling

In related news, insider Stash Ptak sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the insider now owns 34,333 shares in the company, valued at approximately $2,574,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Virginia Drosos sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $73.62, for a total transaction of $736,200.00. Following the sale, the chief executive officer now owns 925,305 shares in the company, valued at approximately $68,120,954.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stash Ptak sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the insider now owns 34,333 shares in the company, valued at approximately $2,574,975. The disclosure for this sale can be found here. Insiders have sold 21,000 shares of company stock worth $1,570,000 in the last 90 days. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC lifted its holdings in Signet Jewelers by 27.7% during the 4th quarter. Voya Investment Management LLC now owns 25,889 shares of the company’s stock worth $1,760,000 after buying an additional 5,622 shares during the period. Truist Financial Corp lifted its holdings in Signet Jewelers by 114.2% during the 4th quarter. Truist Financial Corp now owns 14,462 shares of the company’s stock worth $983,000 after buying an additional 7,710 shares during the period. State of Wyoming lifted its holdings in Signet Jewelers by 18.5% during the 4th quarter. State of Wyoming now owns 1,565 shares of the company’s stock worth $106,000 after buying an additional 244 shares during the period. CI Private Wealth LLC acquired a new position in Signet Jewelers during the 4th quarter worth about $224,000. Finally, Kiwi Wealth Investments Limited Partnership acquired a new position in Signet Jewelers during the 4th quarter worth about $1,995,000. Institutional investors own 97.88% of the company’s stock.

Signet Jewelers Company Profile

(Get Rating)

Signet Jewelers Ltd. engages in the retail of diamond jewelry. It operates through the following business segments: North America, International, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks, and off-mall locations throughout the U.S. and Canada. The International sells primarily in the UK and Ireland under the H.

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Dividend History for Signet Jewelers (NYSE:SIG)

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