Signet Jewelers
For those looking to own shares of a jewelry company, this may be just the right idea. Signet Jewelers Ltd. (NYSE: SIG) engages in the retail sale of diamond jewelry, watches and other products. It operates jewelry 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 and Peoples Jewelers banners in North America and the H. Samuel and Ernest Jones brands internationally. It also operates online through JamesAllen.com.
As of January 30, 2021, it operated 2,833 stores and kiosks, which include 2,381 locations in the United States and 100 locations in Canada, as well as 352 stores in the United Kingdom, the Republic of Ireland and the Channel Islands.
The company also is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services.
Signet Jewelers stock investors currently receive a dividend of 1.10%. The $0.20 per share dividend is expected to increase to $0.22. UBS’s $93 price target is well above the consensus $85.50 target and the most recent close at $70.67, which was down close to 2% on the day.
TE Connectivity
This somewhat lesser-known stock is a top pick at Jefferies. TE Connectivity Ltd. (NASDAQ: TE) manufactures and sells connectivity and sensor solutions in Europe, the Americas, the Asia-Pacific and elsewhere. The company operates through the following three segments.
The Transportation Solutions segment provides terminals and connector systems and components, sensors, relays, antennas and application tooling products for use in the automotive, commercial transportation and sensor markets.
The Industrial Solutions segment offers terminals and connector systems and components, and it offers interventional medical components, relays, heat shrink tubing and wires and cables for industrial equipment, aerospace, defense, marine, medical and energy markets.
The Communications Solutions segment supplies electronic components, such as terminals and connector systems and components, relays, heat shrink tubing and antennas for the data and devices, and appliances markets.
TE Connectivity sells its products to approximately 140 countries, primarily through direct sales to manufacturers, as well as through third-party distributors.
TE Connectivity stock currently comes with a 1.75% dividend. Royal Bank of Canada’s target price is $138. The consensus target was last seen at $136.67. The stock closed almost 3% lower on Friday at $124.53.
These five top stocks are rated Buy across Wall Street, and the companies are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally published at 24/7 Wall St.
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