Signet Jewelers Limited (NYSE:SIG) Announces Quarterly Dividend of $0.29

Signet Jewelers Limited (NYSE:SIG) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Stockholders of record on Friday, October 25th will be paid a dividend of 0.29 per share on Friday, November 22nd. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, October 25th.

Signet Jewelers has raised its dividend payment by an average of 34.0% annually over the last three years. Signet Jewelers has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Signet Jewelers to earn $11.43 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.1%.

Signet Jewelers Trading Down 2.1 %

Shares of NYSE:SIG opened at $93.64 on Thursday. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.14 and a beta of 2.10. Signet Jewelers has a 12 month low of $67.18 and a 12 month high of $112.06. The firm’s 50-day moving average is $90.03 and its 200 day moving average is $91.97.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 EPS. As a group, equities analysts forecast that Signet Jewelers will post 10.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SIG shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Bank of America decreased their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. UBS Group decreased their target price on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company increased their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

Insider Transactions at Signet Jewelers

In other news, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total value of $2,192,949.00. Following the sale, the insider now owns 68,343 shares in the company, valued at $6,765,957. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total value of $2,192,949.00. Following the sale, the insider now owns 68,343 shares in the company, valued at $6,765,957. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Oded Edelman sold 9,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $74.55, for a total transaction of $670,950.00. Following the sale, the insider now owns 28,398 shares in the company, valued at approximately $2,117,070.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,957 shares of company stock worth $5,910,256 over the last 90 days. 3.26% of the stock is currently owned by company insiders.

About Signet Jewelers

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.