Signet Jewelers (SIG) Earns Daily Coverage Optimism Score of 0.01

Media stories about Signet Jewelers (NYSE:SIG) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog 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 earned a daily sentiment score of 0.01 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.3953667644913 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

Signet Jewelers (NYSE SIG) traded up $0.04 during midday trading on Wednesday, hitting $52.90. The stock had a trading volume of 1,620,000 shares, compared to its average volume of 2,310,000. The firm has a market cap of $3,200.00, a P/E ratio of 9.18, a PEG ratio of 1.05 and a beta of 0.94. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. Signet Jewelers has a 12 month low of $46.09 and a 12 month high of $79.13.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, February 1st. Signet Jewelers’s payout ratio is presently 21.53%.

A number of research firms have weighed in on SIG. Zacks Investment Research raised Signet Jewelers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $66.00 price target on shares of Signet Jewelers in a research report on Thursday, October 5th. Wells Fargo & Co downgraded Signet Jewelers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $75.00 to $60.00 in a research report on Tuesday, November 21st. Telsey Advisory Group reduced their price target on Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, November 22nd. Finally, Susquehanna Bancshares began coverage on Signet Jewelers in a research report on Thursday, November 2nd. They set a “neutral” rating and a $60.00 price target for the company. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Signet Jewelers has a consensus rating of “Hold” and a consensus price target of $64.67.

In related news, insider Oded Edelman acquired 90,398 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was bought at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the acquisition, the insider now owns 33,962 shares in the company, valued at approximately $1,878,438.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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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