Signet Jewelers Ltd. (SIG) Updates Q4 Earnings Guidance
Signet Jewelers Ltd. (NYSE:SIG) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.00-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.95.
Shares of Signet Jewelers Ltd. (NYSE:SIG) opened at 88.88 on Tuesday. Signet Jewelers Ltd. has a 1-year low of $72.65 and a 1-year high of $137.80. The company’s 50-day moving average is $83.00 and its 200 day moving average is $86.87. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 13.54 and a beta of 1.17.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.10. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $0.33 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Equities analysts anticipate that Signet Jewelers Ltd. will post $7.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%. Signet Jewelers’s dividend payout ratio is currently 15.90%.
A number of equities analysts have recently issued reports on SIG shares. Deutsche Bank AG dropped their target price on Signet Jewelers from $150.00 to $140.00 and set a buy rating for the company in a report on Tuesday, August 23rd. RBC Capital Markets reissued an outperform rating and issued a $100.00 target price (down from $120.00) on shares of Signet Jewelers in a report on Sunday, August 28th. Zacks Investment Research cut Signet Jewelers from a hold rating to a sell rating in a report on Wednesday, August 10th. started coverage on Signet Jewelers in a report on Wednesday, September 28th. They issued an outperform rating and a $87.00 target price for the company. Finally, Cowen and Company reissued an outperform rating and issued a $130.00 target price on shares of Signet Jewelers in a report on Thursday, July 28th. One 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 company. The company currently has an average rating of Hold and a consensus price target of $106.59.
Several large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC purchased a new stake in Signet Jewelers during the third quarter valued at approximately $380,000. Price T Rowe Associates Inc. MD boosted its stake in Signet Jewelers by 427.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,128,618 shares of the company’s stock valued at $307,706,000 after buying an additional 3,345,862 shares during the period. Credit Suisse AG boosted its stake in Signet Jewelers by 25.4% in the third quarter. Credit Suisse AG now owns 210,961 shares of the company’s stock valued at $15,722,000 after buying an additional 42,688 shares during the period. Verition Fund Management LLC purchased a new stake in Signet Jewelers during the third quarter valued at approximately $425,000. Finally, Eaton Vance Management boosted its stake in Signet Jewelers by 28.5% in the third quarter. Eaton Vance Management now owns 83,932 shares of the company’s stock valued at $6,255,000 after buying an additional 18,600 shares during the period. 98.55% of the stock is owned by institutional investors.
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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