Signet Jewelers Ltd. (SIG) Announces Earnings Results
Signet Jewelers Ltd. (NYSE:SIG) issued its earnings results on Tuesday. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Signet Jewelers had a net margin of 7.86% and a return on equity of 18.70%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. Signet Jewelers’s quarterly revenue was down 2.5% compared to the same quarter last year. Signet Jewelers updated its Q4 guidance to $4.00-4.20 EPS.
Signet Jewelers (NYSE:SIG) opened at 88.88 on Tuesday. The firm’s 50-day moving average is $83.00 and its 200 day moving average is $86.87. Signet Jewelers has a 12-month low of $72.65 and a 12-month high of $137.80. The firm has a market cap of $6.72 billion, a PE ratio of 13.54 and a beta of 1.17.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, October 26th. Signet Jewelers’s dividend payout ratio (DPR) is presently 15.90%.
Several large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Signet Jewelers by 25.8% in the first quarter. Envestnet Asset Management Inc. now owns 11,764 shares of the company’s stock valued at $1,459,000 after buying an additional 2,409 shares in the last quarter. Arizona State Retirement System boosted its stake in Signet Jewelers by 1.9% in the first quarter. Arizona State Retirement System now owns 21,600 shares of the company’s stock valued at $2,679,000 after buying an additional 400 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Signet Jewelers during the first quarter valued at about $5,085,000. Seven Eight Capital LLC bought a new stake in Signet Jewelers during the first quarter valued at about $1,358,000. Finally, Squarepoint Ops LLC bought a new stake in Signet Jewelers during the first quarter valued at about $4,379,000. 98.55% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Signet Jewelers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Deutsche Bank AG reduced their target price on shares of Signet Jewelers from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, August 23rd. Vetr downgraded shares of Signet Jewelers from a “hold” rating to a “sell” rating and set a $86.00 price target on the stock. in a research note on Monday, November 14th. Wells Fargo & Co. set a $103.00 price target on shares of Signet Jewelers and gave the company a “buy” rating in a research note on Saturday. Finally, Cowen and Company reissued an “outperform” rating and issued a $130.00 price target on shares of Signet Jewelers in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $106.59.
Signet Jewelers Company Profile
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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