Equities Analysts Offer Predictions for Signet Jewelers Ltd.’s Q4 2021 Earnings (NYSE:SIG)

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Signet Jewelers Ltd. (NYSE:SIG) – Stock analysts at Northcoast Research dropped their Q4 2021 EPS estimates for Signet Jewelers in a research report issued on Tuesday, March 24th. Northcoast Research analyst T. Vierengel now forecasts that the company will post earnings per share of $3.62 for the quarter, down from their previous estimate of $3.63.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, March 26th. The company reported $3.67 EPS for the quarter, beating the Zacks’ consensus estimate of $3.47 by $0.20. Signet Jewelers had a negative net margin of 3.09% and a positive return on equity of 20.27%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $3.96 earnings per share. The firm’s revenue was down .2% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. Wells Fargo & Co lowered their price objective on shares of Signet Jewelers from $18.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, March 16th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Signet Jewelers in a research report on Monday. ValuEngine raised shares of Signet Jewelers from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 26th. Finally, Citigroup boosted their price objective on shares of Signet Jewelers from $13.00 to $22.00 and gave the company a “sell” rating in a research report on Friday, January 17th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.33.

Shares of SIG opened at $9.52 on Thursday. The company’s 50 day moving average price is $19.98 and its 200 day moving average price is $19.28. Signet Jewelers has a 52 week low of $5.60 and a 52 week high of $31.44. The company has a market capitalization of $345.48 million, a PE ratio of -2.21, a PEG ratio of 0.23 and a beta of 1.00. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.30 and a current ratio of 2.12.

A number of hedge funds have recently bought and sold shares of SIG. First Trust Advisors LP grew its position in 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 acquiring an additional 8,069 shares in the last quarter. California Public Employees Retirement System grew its position in Signet Jewelers by 6.6% in the third quarter. California Public Employees Retirement System now owns 108,886 shares of the company’s stock worth $1,825,000 after acquiring an additional 6,708 shares in the last quarter. SG Americas Securities LLC grew its position in Signet Jewelers by 50.0% in the third quarter. SG Americas Securities LLC now owns 20,012 shares of the company’s stock worth $335,000 after acquiring an additional 6,671 shares in the last quarter. California State Teachers Retirement System grew its position in Signet Jewelers by 7.1% in the third quarter. California State Teachers Retirement System now owns 94,964 shares of the company’s stock worth $1,592,000 after acquiring an additional 6,335 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Signet Jewelers by 52.0% in the third quarter. Parametric Portfolio Associates LLC now owns 602,453 shares of the company’s stock worth $10,097,000 after acquiring an additional 206,020 shares in the last quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 15.55%. The ex-dividend date of this dividend was Thursday, January 30th. Signet Jewelers’s dividend payout ratio is 39.78%.

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.

See Also: Recession

Earnings History and Estimates for Signet Jewelers (NYSE:SIG)

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