Signet Jewelers (NYSE:SIG) Issues Quarterly Earnings Results

Signet Jewelers (NYSE:SIG) released its earnings results on Thursday. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29, Briefing.com reports. Signet Jewelers had a return on equity of 33.86% and a net margin of 10.91%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $87.18 on Friday. Signet Jewelers has a fifty-two week low of $57.10 and a fifty-two week high of $112.06. The stock’s 50-day simple moving average is $100.28 and its 200-day simple moving average is $99.80. The firm has a market capitalization of $3.88 billion, a PE ratio of 7.09, a P/E/G ratio of 0.96 and a beta of 2.12.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, July 26th. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.43%.

Insiders Place Their Bets

In related news, CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $101.64, for a total transaction of $406,560.00. Following the completion of the transaction, the chief accounting officer now directly owns 46,076 shares in the company, valued at $4,683,164.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the completion of the sale, the chief accounting officer now directly owns 46,076 shares in the company, valued at $4,683,164.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H. Todd Stitzer sold 10,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total value of $1,000,900.00. Following the completion of the transaction, the director now owns 41,678 shares in the company, valued at approximately $4,171,551.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,431 shares of company stock valued at $3,444,267. 3.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SIG has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price objective on shares of Signet Jewelers in a report on Thursday. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. UBS Group upped their price objective on Signet Jewelers from $128.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, Citigroup reiterated a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.20.

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.