Signet Jewelers Limited (NYSE:SIG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Signet Jewelers Limited (NYSE:SIG) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $105.3750.

SIG has been the topic of a number of recent research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 price target (up previously from $92.00) on shares of Signet Jewelers in a research note on Tuesday. Citigroup lifted their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. UBS Group increased their price target on shares of Signet Jewelers from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company cut their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Stephens began coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price objective on the stock.

Signet Jewelers Stock Down 4.6%

SIG stock opened at $84.93 on Friday. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $110.20. The company has a market cap of $3.48 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.00 and a beta of 1.12. The business’s 50-day simple moving average is $98.62 and its 200 day simple moving average is $87.49.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.47. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $0.25 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, equities research analysts anticipate that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 23rd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, January 23rd. Signet Jewelers’s dividend payout ratio is 42.95%.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently made changes to their positions in SIG. CIBC Bancorp USA Inc. acquired a new stake in shares of Signet Jewelers during the 3rd quarter worth about $410,000. Danske Bank A S bought a new stake in Signet Jewelers during the third quarter worth about $879,000. Castleark Management LLC increased its holdings in shares of Signet Jewelers by 3.9% during the third quarter. Castleark Management LLC now owns 86,758 shares of the company’s stock worth $8,322,000 after buying an additional 3,218 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Signet Jewelers by 78.0% during the third quarter. Verition Fund Management LLC now owns 153,431 shares of the company’s stock worth $14,717,000 after buying an additional 67,230 shares in the last quarter. Finally, Summit Street Capital Management LLC bought a new position in shares of Signet Jewelers in the third quarter valued at approximately $25,328,000.

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.