Signet Jewelers - SIG Stock Forecast, Price & News

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 Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands in the United Kingdom, Republic of Ireland, and Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. As of January 29, 2022, it operated 2,854 stores and kiosks. Signet Jewelers Limited is based in Hamilton, Bermuda.

Signet Jewelers Trading Up 8.1 %

Shares of NYSE:SIG traded up $4.81 during trading hours on Wednesday, reaching $64.56. The stock had a trading volume of 1,232,989 shares, compared to its average volume of 1,218,124. The business's fifty day moving average price is $59.04 and its two-hundred day moving average price is $68.12. The company has a current ratio of 1.64, a quick ratio of 0.61 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.64 and a beta of 2.30. Signet Jewelers has a 52-week low of $48.31 and a 52-week high of $111.92.

Signet Jewelers (NYSE:SIG - Get Rating) last posted its earnings results on Thursday, June 9th. The company reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.57. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Signet Jewelers had a return on equity of 52.99% and a net margin of 6.87%. Signet Jewelers's revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.23 earnings per share. Analysts expect that Signet Jewelers will post 12.47 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. Signet Jewelers's dividend payout ratio is currently 9.91%.

Wall Street Analyst Weigh In

SIG has been the topic of a number of recent research reports. UBS Group dropped their price target on Signet Jewelers from $138.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, June 10th. Telsey Advisory Group reduced their price objective on Signet Jewelers from $85.00 to $72.00 and set a "market perform" rating for the company in a research report on Wednesday. Citigroup cut their price objective on Signet Jewelers from $76.00 to $65.00 in a report on Wednesday. Finally, StockNews.com downgraded Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Wednesday, June 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $90.00.

Insider Activity

In other Signet Jewelers news, insider Stephen E. Lovejoy sold 10,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $57.37, for a total transaction of $573,700.00. Following the sale, the insider now directly owns 88,732 shares of the company's stock, valued at approximately $5,090,554.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Oded Edelman sold 20,000 shares of the company's stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the completion of the sale, the insider now directly owns 65,398 shares of the company's stock, valued at $3,676,021.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen E. Lovejoy sold 10,000 shares of the company's stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $57.37, for a total transaction of $573,700.00. Following the completion of the sale, the insider now directly owns 88,732 shares in the company, valued at approximately $5,090,554.84. The disclosure for this sale can be found here. Company insiders own 1.76% of the company's stock.