Signet Jewelers Ltd. (NYSE:SIG) declared a quarterly dividend on Friday, January 12th, Wall Street Journal reports. Shareholders of record on Friday, February 2nd will be given a dividend of 0.31 per share on Friday, March 2nd. This represents a $1.24 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, February 1st.
Signet Jewelers has increased its dividend payment by an average of 10.5% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Signet Jewelers has a dividend payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Signet Jewelers to earn $6.48 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 19.1%.
Signet Jewelers (NYSE:SIG) traded up $2.53 during trading hours on Friday, hitting $55.22. 5,802,600 shares of the company’s stock traded hands, compared to its average volume of 3,774,038. Signet Jewelers has a 12-month low of $46.09 and a 12-month high of $86.35. The firm has a market capitalization of $3,340.00, a P/E ratio of 9.59, a P/E/G ratio of 1.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63.
Several research firms have commented on SIG. Needham & Company LLC upped their price objective on shares of Signet Jewelers from $69.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, September 20th. Royal Bank of Canada reissued a “buy” rating and issued a $66.00 target price on shares of Signet Jewelers in a research report on Thursday, October 5th. Wells Fargo & Co cut shares of Signet Jewelers from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $75.00 to $60.00 in a research report on Tuesday, November 21st. Northcoast Research reissued a “neutral” rating on shares of Signet Jewelers in a research report on Friday, September 29th. Finally, ValuEngine raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Signet Jewelers has an average rating of “Hold” and a consensus target price of $64.67.
Signet Jewelers 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.
Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.