Somewhat Positive Press Coverage Somewhat Unlikely to Affect Signet Jewelers Limited (SIG) Stock Price

News coverage about Signet Jewelers Limited (NYSE:SIG) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Signet Jewelers Limited earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the company an impact score of 43.7429503205901 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

A number of brokerages recently commented on SIG. Bank of America Corporation reiterated a “buy” rating and issued a $75.00 target price (down previously from $90.00) on shares of Signet Jewelers Limited in a research report on Sunday, May 28th. CL King lowered Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research report on Friday, May 26th. Royal Bank Of Canada set a $63.00 price objective on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Friday, May 26th. Cowen and Company upped their target price on Signet Jewelers Limited from $54.00 to $57.00 and gave the stock a “market perform” rating in a research note on Friday, June 23rd. Finally, ValuEngine downgraded Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $77.35.

Shares of Signet Jewelers Limited (NYSE SIG) opened at 56.54 on Friday. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $101.46. The stock has a 50 day moving average price of $60.52 and a 200 day moving average price of $64.65. The stock has a market cap of $3.87 billion, a P/E ratio of 8.98 and a beta of 1.00.

Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.63. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.46 billion. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. Equities analysts anticipate that Signet Jewelers Limited will post $6.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, July 28th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Wednesday, July 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 19.97%.

In other Signet Jewelers Limited news, Director H. Todd Stitzer purchased 2,090 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was purchased at an average price of $47.91 per share, for a total transaction of $100,131.90. Following the completion of the purchase, the director now directly owns 16,823 shares in the company, valued at $805,989.93. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

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Signet Jewelers Limited Company Profile

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

Insider Buying and Selling by Quarter for Signet Jewelers Limited (NYSE:SIG)

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