Signet Jewelers Limited (SIG) To Go Ex-Dividend on April 25th

Signet Jewelers Limited (NYSE:SIG) declared a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Friday, April 25th will be given a dividend of 0.32 per share on Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, April 25th. This is a 10.3% increase from Signet Jewelers’s previous quarterly dividend of $0.29.

Signet Jewelers has increased its dividend by an average of 29.0% per year over the last three years. Signet Jewelers has a dividend payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Signet Jewelers to earn $8.91 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 14.4%.

Signet Jewelers Stock Performance

NYSE SIG opened at $58.46 on Friday. The company’s 50 day moving average is $54.52 and its 200-day moving average is $78.32. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $112.06. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.54 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping analysts’ consensus estimates of $6.39 by $0.23. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. Signet Jewelers’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.73 EPS. Sell-side analysts predict that Signet Jewelers will post 8.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group increased their price target on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America lowered their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their target price on shares of Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $55.00 target price on shares of Signet Jewelers in a report on Wednesday. Finally, StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Insiders Place Their Bets

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the transaction, the director now directly owns 22,752 shares of the company’s stock, valued at $1,231,565.76. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.26% of the stock is owned by company insiders.

Signet Jewelers Company Profile

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.