Signet Jewelers Limited (NYSE:SIG) Declares $0.35 Quarterly Dividend

Signet Jewelers Limited (NYSE:SIG) declared a quarterly dividend on Wednesday, September 9th. 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) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 23rd.

Signet Jewelers has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 23.9%

Shares of SIG stock traded up $19.75 on Wednesday, hitting $102.42. The stock had a trading volume of 4,476,289 shares, compared to its average volume of 879,420. Signet Jewelers has a twelve month low of $71.61 and a twelve month high of $110.20. The firm has a market cap of $4.03 billion, a P/E ratio of 14.36, a PEG ratio of 0.89 and a beta of 1.11. The company has a fifty day moving average price of $87.98 and a two-hundred day moving average price of $87.79.

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

Institutional Trading of Signet Jewelers

A number of hedge funds and other institutional investors have recently made changes to their positions in SIG. Ameritas Advisory Services LLC bought a new stake in shares of Signet Jewelers in the second quarter worth $32,000. Parallel Advisors LLC grew its position in Signet Jewelers by 101.0% in the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after purchasing an additional 198 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers in the 4th quarter valued at $39,000. Northwestern Mutual Wealth Management Co. increased its stake in Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after buying an additional 333 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after buying an additional 428 shares in the last quarter.

About Signet Jewelers

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.