Signet Jewelers Limited (SIG) – What Are Analysts Thinking About This Stock?

Signet Jewelers Limited (NYSE:SIG – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $125.56.

SIG has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 9th. Citigroup upped their price target on Signet Jewelers from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Telsey Advisory Group increased their price objective on Signet Jewelers from $96.00 to $105.00 and gave the stock a “market perform” rating in a research note on Thursday, September 10th. Raymond James Financial lifted their price objective on Signet Jewelers from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, September 10th. Finally, Stephens restated an “overweight” rating and issued a $130.00 target price on shares of Signet Jewelers in a research note on Tuesday, September 8th.

View Our Latest Analysis on SIG

Signet Jewelers Price Performance

SIG opened at $117.72 on Monday. The company has a market capitalization of $4.51 billion, a P/E ratio of 13.56, a P/E/G ratio of 0.65 and a beta of 1.10. The firm’s fifty day moving average price is $101.12 and its two-hundred day moving average price is $92.10. Signet Jewelers has a fifty-two week low of $71.61 and a fifty-two week high of $122.64.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.50. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, equities research analysts expect that Signet Jewelers will post 11.70 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

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 dividend of $0.35 per share. The ex-dividend date is Friday, October 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Signet Jewelers’s dividend payout ratio (DPR) is 16.13%.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, insider Stash Ptak sold 1,595 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $120.00, for a total value of $191,400.00. Following the transaction, the insider directly owned 20,833 shares in the company, valued at $2,499,960. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.17% of the stock is owned by corporate insiders.

Institutional Trading of Signet Jewelers

Hedge funds have recently modified their holdings of the company. Junto Capital Management LP raised its position in shares of Signet Jewelers by 96.3% during the 2nd quarter. Junto Capital Management LP now owns 417,016 shares of the company’s stock valued at $35,947,000 after acquiring an additional 204,596 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of Signet Jewelers in the 3rd quarter worth $17,633,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Signet Jewelers by 16.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,015,230 shares of the company’s stock worth $85,929,000 after purchasing an additional 145,654 shares during the period. One Way Holdings LLC acquired a new stake in shares of Signet Jewelers during the third quarter worth $12,107,000. Finally, Peregrine Capital Management LLC bought a new stake in Signet Jewelers in the first quarter valued at about $8,188,000.

Signet Jewelers Company Profile

(Get Free Report)

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.

Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.

The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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