Signet Jewelers Limited (NYSE:SIG) Receives $97.71 Consensus Price Target from Brokerages

Signet Jewelers Limited (NYSE:SIG) has been given an average recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $97.7143.

Several analysts recently weighed in on SIG shares. Telsey Advisory Group restated a “market perform” rating and set a $92.00 target price on shares of Signet Jewelers in a research note on Tuesday, September 2nd. UBS Group raised their price objective on Signet Jewelers from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Citigroup raised their price objective on Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Jefferies Financial Group started coverage on Signet Jewelers in a research report on Monday, June 16th. They issued a “buy” rating and a $102.00 price objective for the company. Finally, Wall Street Zen upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, September 5th.

Institutional Trading of Signet Jewelers

Hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $29,000. Brooklyn Investment Group raised its holdings in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock worth $25,000 after buying an additional 427 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company’s stock worth $29,000 after buying an additional 445 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Signet Jewelers in the 1st quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after buying an additional 428 shares in the last quarter.

Signet Jewelers Stock Up 0.4%

Shares of NYSE:SIG opened at $95.43 on Friday. The business has a 50 day moving average price of $85.51 and a 200 day moving average price of $72.73. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $106.28. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 1.08 and a beta of 1.18.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.40. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. Analysts anticipate that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be given a $0.32 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. Signet Jewelers’s dividend payout ratio (DPR) is currently 42.95%.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.