Signet Jewelers Limited (NYSE:SIG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $99.1429.

A number of brokerages have issued reports on SIG. Citigroup raised their target price on Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. UBS Group boosted their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $92.00 target price on shares of Signet Jewelers in a report on Tuesday, September 2nd. Finally, Bank of America boosted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd.

Hedge Funds Weigh In On Signet Jewelers

Institutional investors and hedge funds have recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Signet Jewelers by 56.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company’s stock worth $10,494,000 after acquiring an additional 65,234 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Signet Jewelers by 1.4% in the first quarter. Principal Financial Group Inc. now owns 216,455 shares of the company’s stock worth $12,567,000 after purchasing an additional 2,920 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Signet Jewelers by 1.7% during the second quarter. Nordea Investment Management AB now owns 148,699 shares of the company’s stock worth $11,828,000 after purchasing an additional 2,487 shares during the last quarter. Vanguard Group Inc. grew its position in Signet Jewelers by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company’s stock valued at $302,258,000 after purchasing an additional 389,852 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in Signet Jewelers in the 1st quarter valued at $1,095,000.

Signet Jewelers Trading Up 0.8%

Shares of NYSE:SIG opened at $100.63 on Monday. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $110.20. The stock has a market capitalization of $4.12 billion, a P/E ratio of 33.77, a P/E/G ratio of 1.16 and a beta of 1.30. The business has a 50-day moving average price of $96.99 and a two-hundred day moving average price of $83.25.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $1.25 EPS. Signet Jewelers’s revenue was up 3.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. As a group, equities analysts predict that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 24th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend 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.