Signet Jewelers Limited (NYSE:SIG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Signet Jewelers Limited (NYSE:SIG) have received an average recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $109.6667.

SIG has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Zacks Research upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday. Finally, Jefferies Financial Group raised their price target on shares of Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th.

Signet Jewelers Trading Down 2.8%

NYSE:SIG opened at $89.82 on Friday. The firm has a market capitalization of $3.65 billion, a PE ratio of 26.81, a PEG ratio of 1.13 and a beta of 1.18. Signet Jewelers has a 1 year low of $45.55 and a 1 year high of $110.20. The firm’s fifty day simple moving average is $89.88 and its 200 day simple moving average is $90.57.

Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.47. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, analysts anticipate that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Signet Jewelers’s dividend payout ratio (DPR) is 38.21%.

Hedge Funds Weigh In On Signet Jewelers

Several large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in shares of Signet Jewelers during the 2nd quarter worth approximately $29,000. Salomon & Ludwin LLC bought a new position in Signet Jewelers in the third quarter worth $31,000. Richardson Financial Services Inc. acquired a new stake in Signet Jewelers during the fourth quarter worth $31,000. Farther Finance Advisors LLC increased its holdings in Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 124 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after buying an additional 428 shares during the period.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.