Signet Jewelers (NYSE:SIG) Getting Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about Signet Jewelers (NYSE:SIG) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Signet Jewelers earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.2757401149713 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

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

Signet Jewelers (NYSE SIG) traded down $0.01 during mid-day trading on Thursday, hitting $51.11. 711,254 shares of the company traded hands, compared to its average volume of 2,151,511. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. Signet Jewelers has a fifty-two week low of $46.09 and a fifty-two week high of $77.94. The firm has a market capitalization of $2,965.28, a P/E ratio of 8.37, a PEG ratio of 0.99 and a beta of 0.71.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Signet Jewelers had a net margin of 7.32% and a return on equity of 20.76%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. equities research analysts anticipate that Signet Jewelers will post 6.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.24 annualized dividend and a yield of 2.43%. Signet Jewelers’s dividend payout ratio is 20.39%.

Several equities analysts recently issued reports on the stock. Wells Fargo & Co downgraded shares of Signet Jewelers from an “outperform” rating to a “market perform” rating and cut their price target for the company from $75.00 to $60.00 in a report on Tuesday, November 21st. Zacks Investment Research downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Buckingham Research raised their price objective on shares of Signet Jewelers from $55.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Susquehanna Bancshares initiated coverage on shares of Signet Jewelers in a research report on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 price objective for the company. Finally, ValuEngine cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. Signet Jewelers currently has an average rating of “Hold” and an average target price of $64.67.

In other news, insider Oded Edelman acquired 90,398 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the transaction, the insider now directly owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

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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.

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

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