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

Signet Jewelers Limited (NYSE:SIG) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $109.6667.

SIG has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a report on Saturday. Stephens initiated coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st.

Signet Jewelers Trading Up 5.9%

Shares of NYSE SIG opened at $95.38 on Wednesday. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $110.20. The firm has a 50-day moving average of $89.54 and a two-hundred day moving average of $92.04. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 0.99 and a beta of 1.28.

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

Signet Jewelers Dividend Announcement

The firm also recently declared 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. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, January 23rd. Signet Jewelers’s payout ratio is presently 38.21%.

Hedge Funds Weigh In On Signet Jewelers

A number of large investors have recently made changes to their positions in SIG. Salomon & Ludwin LLC purchased a new position in Signet Jewelers during the third quarter valued at approximately $31,000. Richardson Financial Services Inc. acquired a new stake in shares of Signet Jewelers during the 4th quarter valued at $31,000. Farther Finance Advisors LLC grew its holdings in shares of Signet Jewelers by 48.6% during the 4th 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. Brown Brothers Harriman & Co. purchased a new position in shares of Signet Jewelers during the 4th quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after acquiring an additional 333 shares during the last quarter.

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.