Signet Jewelers Limited (NYSE:SIG) Receives $112.88 Consensus Target Price from Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $112.8750.

SIG has been the topic of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a report on Friday, May 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Monday, July 6th. UBS Group dropped their price target on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Citigroup raised their price objective on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company reaffirmed a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd.

Institutional Investors Weigh In On Signet Jewelers

Institutional investors have recently modified their holdings of the business. Richardson Financial Services Inc. acquired a new stake in shares of Signet Jewelers during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its holdings in shares of Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after acquiring an additional 124 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Signet Jewelers by 101.0% during the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after purchasing an additional 198 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers during the fourth quarter worth about $39,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after purchasing an additional 333 shares in the last quarter.

Signet Jewelers Stock Performance

SIG opened at $90.19 on Friday. The company has a market capitalization of $3.55 billion, a P/E ratio of 12.65, a PEG ratio of 0.96 and a beta of 1.15. The company has a 50-day moving average of $84.59 and a 200-day moving average of $88.37. Signet Jewelers has a 1-year low of $71.61 and a 1-year high of $110.20.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm earned $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, sell-side analysts expect that Signet Jewelers will post 10.57 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.46%.

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.