Q1 2020 EPS Estimates for Signet Jewelers Ltd. Lowered by Northcoast Research (NYSE:SIG)

Signet Jewelers Ltd. (NYSE:SIG) – Equities researchers at Northcoast Research decreased their Q1 2020 EPS estimates for Signet Jewelers in a research report issued to clients and investors on Tuesday, June 4th, Zacks Investment Research reports. Northcoast Research analyst T. Vierengel now expects that the company will earn ($0.26) per share for the quarter, down from their previous estimate of ($0.23).

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.32. Signet Jewelers had a positive return on equity of 16.90% and a negative net margin of 2.76%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business earned $0.10 EPS. Signet Jewelers’s revenue was down 3.3% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Nomura lowered their target price on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Bank of America lowered their target price on Signet Jewelers from $30.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Needham & Company LLC reiterated a “hold” rating on shares of Signet Jewelers in a report on Thursday, April 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $22.00 target price (down from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd. Finally, Zacks Investment Research upgraded Signet Jewelers from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Signet Jewelers currently has an average rating of “Hold” and a consensus target price of $34.54.

Shares of SIG stock traded up $0.20 during mid-day trading on Thursday, hitting $17.88. The stock had a trading volume of 1,663,066 shares, compared to its average volume of 2,197,343. Signet Jewelers has a 12-month low of $16.70 and a 12-month high of $71.07. The firm has a market capitalization of $933.18 million, a price-to-earnings ratio of 4.81, a P/E/G ratio of 0.90 and a beta of 1.04. The stock has a 50-day moving average of $19.57. The company has a quick ratio of 0.31, a current ratio of 2.07 and a debt-to-equity ratio of 1.92.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Thursday, August 1st. Signet Jewelers’s payout ratio is 39.78%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in shares of Signet Jewelers by 36.6% in the first quarter. First Trust Advisors LP now owns 30,144 shares of the company’s stock worth $819,000 after buying an additional 8,069 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Signet Jewelers in the first quarter worth about $1,649,000. Sapience Investments LLC boosted its stake in shares of Signet Jewelers by 29.3% in the first quarter. Sapience Investments LLC now owns 450,035 shares of the company’s stock worth $12,223,000 after buying an additional 101,990 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of Signet Jewelers in the first quarter worth about $5,475,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Signet Jewelers in the first quarter worth about $547,000. 99.64% of the stock is owned by hedge funds and other institutional investors.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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