Signet Jewelers Limited Announces Quarterly Dividend of $0.35 (NYSE:SIG)

Key Points

• Signet Jewelers declared a quarterly dividend of $0.35 per share, payable November 20 to shareholders of record October 23. The dividend is equivalent to $1.40 annually and carries a 1.4% yield, with a low 15.4% payout ratio.
• Signet reported quarterly EPS of $2.19, exceeding analysts’ $1.69 estimate, while revenue reached $1.53 billion and declined 0.5% year over year.
• Shares rose to $102.42, and analysts maintain a “Moderate Buy” consensus with an average $118 price target; Jefferies raised its target to $175 and Stephens set a $130 target.

Signet Jewelers Limited (NYSE:SIG - Get Free Report) declared a quarterly dividend on Wednesday, September 9th. Stockholders of record on Friday, October 23rd will be paid a dividend of 0.35 per share on Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, October 23rd.

Signet Jewelers has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Signet Jewelers to earn $11.79 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 11.9%.

Signet Jewelers Stock Performance

Shares of NYSE SIG traded up $19.75 during trading on Wednesday, reaching $102.42. The stock had a trading volume of 4,476,289 shares, compared to its average volume of 879,420. The stock has a market cap of $4.03 billion, a PE ratio of 14.36, a P/E/G ratio of 0.89 and a beta of 1.11. Signet Jewelers has a one year low of $71.61 and a one year high of $110.20. The firm's 50 day moving average price is $87.98 and its two-hundred day moving average price is $87.79.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.50. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.53 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, research analysts expect that Signet Jewelers will post 10.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SIG shares. Jefferies Financial Group raised their target price on Signet Jewelers from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Signet Jewelers in a report on Monday, July 6th. Zacks Research cut shares of Signet Jewelers from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 24th. Citigroup reissued a "buy" rating on shares of Signet Jewelers in a research report on Tuesday, August 25th. Finally, Stephens restated an "overweight" rating and set a $130.00 price target on shares of Signet Jewelers in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Signet Jewelers presently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world's largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company's product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.

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