Signet Jewelers Limited (SIG) to Issue Quarterly Dividend of $0.29 on November 22nd

Signet Jewelers Limited (NYSE:SIG) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Stockholders of record on Friday, October 25th will be given a dividend of 0.29 per share on Friday, November 22nd. This represents a $1.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, October 25th.

Signet Jewelers has raised its dividend by an average of 34.0% annually over the last three years. Signet Jewelers has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Signet Jewelers to earn $11.43 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.1%.

Signet Jewelers Stock Down 1.0 %

SIG stock opened at $95.63 on Wednesday. Signet Jewelers has a 52-week low of $67.18 and a 52-week high of $112.06. The business has a fifty day moving average of $89.64 and a two-hundred day moving average of $91.96. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.14 and a beta of 2.10.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $1.55 EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Signet Jewelers will post 10.8 EPS for the current year.

Wall Street Analyst Weigh In

SIG has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 price objective on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Bank of America lowered their price target on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. UBS Group cut their price objective on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Monday. Finally, Wells Fargo & Company dropped their target price on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and an average target price of $108.60.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the sale, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Mary Elizabeth Finn sold 4,237 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $100.10, for a total value of $424,123.70. Following the sale, the insider now directly owns 38,821 shares in the company, valued at approximately $3,885,982.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Virginia Drosos sold 3,475 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares of the company’s stock, valued at approximately $78,829,326.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,624 shares of company stock worth $4,821,629. Company insiders own 3.26% 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 Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.