Finance

Signet Jewelers Ltd. (SIG) Updates FY18 Earnings Guidance

Signet Jewelers Ltd. (SIG) Updates FY18 Earnings Guidance”

The company raised it quarterly dividend from $0.26 to $0.31 per share. Signet Jewelers's revenue for the quarter was down 5.2% compared to the same quarter a year ago. Signet Jewelers had a return on equity of 19.67% and a net margin of 7.93%. The stock has declined 41 percent in the last 12 months. Full-year sales forecasts are pegged at $6.46B, representing a drop of almost -1.82% over last fiscal year's revenues of $6.58B. It has gained $61.05 (-48.07%) since hitting a 52-week high price of $125.45. The stock has a 50-day moving average of $74.57 and a 200 day moving average of $82.74. Shareholders of record on Friday, January 27th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Wednesday, January 25th.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom.

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A number of institutional investors have recently added to or reduced their stakes in the company. SRB Corp now owns 1,654 shares of the company's stock valued at $123,000 after buying an additional 352 shares during the period. Signet Jewelers Limited is expected to lift sales by 0.46% in next year to $6.49B. On Jul 25, 2016, Thomas G Plaskett (director) purchased 300 shares at $88.88 per share price.Also, On Jul 20, 2016, Sebastian Hobbs (Managing Director, UK) purchased 500 shares at $91.72 per share price.On Jul 20, 2016, Helen Mccluskey (director) purchased 1,000 shares at $89.91 per share price, according to the Form-4 filing with the securities and exchange commission. Pacad Investment Ltd. boosted its position in Signet Jewelers by 320.8% in the second quarter.

Several other analysts have also commented on SIG. Wells Fargo & Co restated an "outperform" rating and issued a $102.50 price target on shares of Signet Jewelers in a report on Monday, November 21st.

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Citigroup on Tuesday reiterated Signet Jewelers's analyst rating as "Neutral" with its price target of 66 highlighting a potential increase of 5.13% from Signet Jewelers's current price of 62.78. Analysts mean target price for Bristol-Myers Squibb Company (NYSE:BMY) is $55.37 while their mean recommendation is 2.40 (1=Buy, 5=sell).

Signet expects earnings to range between $7 and $7.40 per share, with same store sales down in the low to mid-single digits. The stock presently has an average rating of "Hold" and an average target price of $98.60.

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Signet Jewelers Limited on 11/22/2016 reported its EPS as $0.3 with the analysts projecting the EPS of the stock as $0.2.



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