Signet Jewelers Limited (NYSE:SIG) Plans $0.18 Quarterly Dividend

Signet Jewelers Limited (NYSE:SIG) declared a quarterly dividend on Thursday, June 10th, Zacks reports. Stockholders of record on Friday, July 30th will be paid a dividend of 0.18 per share on Friday, August 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, July 29th.

Shares of SIG opened at $68.75 on Friday. Signet Jewelers has a 1 year low of $9.70 and a 1 year high of $74.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.78 and a current ratio of 1.79. The stock has a 50 day moving average of $61.29. The firm has a market cap of $3.60 billion, a PE ratio of -49.00 and a beta of 2.61.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, June 9th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.96. Signet Jewelers had a positive return on equity of 13.68% and a negative net margin of 0.32%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the firm posted ($1.59) EPS. Signet Jewelers’s quarterly revenue was up 98.2% compared to the same quarter last year. As a group, analysts anticipate that Signet Jewelers will post 4.71 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a report on Wednesday, April 21st. Telsey Advisory Group raised their price target on Signet Jewelers from $60.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, April 13th. Citigroup raised their price target on Signet Jewelers from $68.00 to $79.00 and gave the company a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company raised Signet Jewelers from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $57.00 to $70.00 in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Signet Jewelers presently has a consensus rating of “Hold” and an average price target of $65.00.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. It operates through three segments: North America, International, and Other. The North America segment operates jewelry 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, and Peoples Jewellers, as well as operates online through JamesAllen.com.

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Dividend History for Signet Jewelers (NYSE:SIG)

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