Signet Jewelers (NYSE:SIG) Issues Quarterly Earnings Results

Signet Jewelers (NYSE:SIG - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.29, Briefing.com reports. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The business's revenue was down 9.4% on a year-over-year basis.

Signet Jewelers Stock Performance

NYSE:SIG traded down $5.09 on Friday, hitting $87.16. 2,787,571 shares of the stock were exchanged, compared to its average volume of 749,575. Signet Jewelers has a 52 week low of $57.10 and a 52 week high of $112.06. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 1.20 and a beta of 2.12. The company's 50-day moving average price is $100.57 and its 200 day moving average price is $99.76.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.33%. Signet Jewelers's dividend payout ratio (DPR) is currently 7.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SIG. Wells Fargo & Company increased their target price on shares of Signet Jewelers from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Monday, June 3rd. UBS Group lifted their target price on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Telsey Advisory Group reissued a "market perform" rating and issued a $110.00 target price on shares of Signet Jewelers in a report on Thursday. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a report on Saturday, April 27th. Finally, Citigroup reissued a "buy" rating and issued a $119.00 price objective on shares of Signet Jewelers in a research note on Friday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $121.20.

Insider Buying and Selling at Signet Jewelers

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

About Signet Jewelers

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.