Signet Jewelers Limited (SIG) To Go Ex-Dividend on October 23rd

Signet Jewelers Limited (NYSE:SIG) announced a quarterly dividend on Tuesday, September 8th. Stockholders of record on Friday, October 23rd will be paid a dividend of 0.35 per share on Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, October 23rd.

Signet Jewelers has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Signet Jewelers to earn $11.79 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 11.9%.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $102.42 on Thursday. The company has a market capitalization of $4.03 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.86 and a beta of 1.11. The company’s 50-day moving average is $88.34 and its 200 day moving average is $87.85. Signet Jewelers has a fifty-two week low of $71.61 and a fifty-two week high of $110.20.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.50. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 earnings per share. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. As a group, research analysts predict that Signet Jewelers will post 10.66 earnings per share for the current year.

Analysts Set New Price Targets

SIG has been the topic of several research reports. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Bank of America reissued a “neutral” rating on shares of Signet Jewelers in a report on Thursday. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a research note on Tuesday. Jefferies Financial Group upped their price objective on shares of Signet Jewelers from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.