Shares of Signet Jewelers Limited (NYSE:SIG – Get Free Report) reached a new 52-week high during trading on Thursday. The company traded as high as $111.10 and last traded at $111.3060, with a volume of 41,752 shares traded. The stock had previously closed at $107.96.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 9th. Citigroup upped their price target on shares of Signet Jewelers from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Telsey Advisory Group raised their price target on shares of Signet Jewelers from $96.00 to $105.00 and gave the stock a “market perform” rating in a report on Thursday, September 10th. Bank of America raised their price target on shares of Signet Jewelers from $102.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Finally, Zacks Research upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.56.
Read Our Latest Analysis on Signet Jewelers
Signet Jewelers Stock Performance
Signet Jewelers (NYSE:SIG – Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.50. Signet Jewelers had a return on equity of 23.28% and a net margin of 5.19%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company earned $1.61 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. As a group, research analysts predict that Signet Jewelers Limited will post 11.70 earnings per share for the current fiscal year.
Signet Jewelers Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 23rd will be given a $0.35 dividend. The ex-dividend date is Friday, October 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. Signet Jewelers’s dividend payout ratio is currently 16.13%.
Hedge Funds Weigh In On Signet Jewelers
Several hedge funds and other institutional investors have recently bought and sold shares of SIG. Ameritas Advisory Services LLC purchased a new position in Signet Jewelers during the 2nd quarter worth approximately $32,000. Parallel Advisors LLC lifted its stake in 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 acquiring an additional 198 shares during the period. Farther Finance Advisors LLC lifted its stake in Signet Jewelers by 46.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 842 shares of the company’s stock valued at $86,000 after acquiring an additional 266 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Signet Jewelers during the 2nd quarter valued at approximately $139,000. Finally, Leonteq Securities AG boosted its holdings in shares of Signet Jewelers by 747.8% in the 1st quarter. Leonteq Securities AG now owns 1,721 shares of the company’s stock valued at $146,000 after acquiring an additional 1,518 shares during the last quarter.
Signet Jewelers Company Profile
Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that operates through a portfolio of branded stores and online platforms. Its businesses sell diamond, bridal and fashion jewelry, watches, gifts and related accessories, while also providing services such as jewelry repair, customization and financing.
The company’s principal retail brands include Kay Jewelers, Zales, Jared, Diamonds Direct, James Allen, Peoples and Banter by Piercing Pagoda. These brands serve customers through a combination of mall-based and off-mall stores, standalone locations, digital commerce platforms and specialty formats, with offerings positioned across a range of price points and shopping occasions.
Signet primarily serves customers in the United States, Canada and the United Kingdom.
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