Signet Jewelers (NYSE:SIG) released its quarterly earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.26, Morningstar.com reports. Signet Jewelers had a positive return on equity of 17.22% and a negative net margin of 2.99%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis.
Signet Jewelers stock opened at $14.04 on Friday. The company has a current ratio of 2.07, a quick ratio of 0.31 and a debt-to-equity ratio of 1.92. The business’s fifty day simple moving average is $14.62 and its two-hundred day simple moving average is $20.54. Signet Jewelers has a 12 month low of $10.40 and a 12 month high of $68.24. The company has a market capitalization of $729.11 million, a price-to-earnings ratio of 4.00, a price-to-earnings-growth ratio of 0.70 and a beta of 0.96.
The business also recently announced a — dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a $0.37 dividend. This represents a yield of 10.5%. The ex-dividend date is Thursday, October 31st. Signet Jewelers’s dividend payout ratio (DPR) is 39.78%.
A number of institutional investors have recently added to or reduced their stakes in SIG. CenterStar Asset Management LLC boosted its holdings in Signet Jewelers by 136.0% in the second quarter. CenterStar Asset Management LLC now owns 1,660 shares of the company’s stock worth $29,000 after acquiring an additional 6,270 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Signet Jewelers by 105.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Signet Jewelers in the second quarter worth $43,000. Point72 Hong Kong Ltd boosted its holdings in Signet Jewelers by 77.2% in the second quarter. Point72 Hong Kong Ltd now owns 4,817 shares of the company’s stock worth $86,000 after acquiring an additional 2,098 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in Signet Jewelers by 23.1% in the second quarter. Meadow Creek Investment Management LLC now owns 6,064 shares of the company’s stock worth $108,000 after acquiring an additional 1,136 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.
SIG has been the topic of several research reports. Bank of America dropped their price target on Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday. Citigroup dropped their price target on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating on the stock in a research report on Friday. Zacks Investment Research upgraded Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research report on Monday, August 12th. Nomura dropped their price target on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $22.00 price target (down from $28.00) on shares of Signet Jewelers in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.29.
About Signet Jewelers
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.
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