Signet Jewelers’ (SIG) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Signet Jewelers (NYSE:SIG) in a research note released on Tuesday morning, Marketbeat Ratings reports. Telsey Advisory Group currently has a $96.00 price objective on the stock, up from their prior price objective of $92.00.

A number of other equities research analysts have also recently commented on SIG. Wells Fargo & Company raised their price objective on Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, October 8th. Bank of America boosted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Stephens started coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, UBS Group raised their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.38.

Signet Jewelers Trading Down 4.6%

SIG opened at $84.93 on Tuesday. The company has a fifty day moving average price of $98.62 and a two-hundred day moving average price of $87.49. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $110.20. The company has a market cap of $3.48 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.00 and a beta of 1.12.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.16 by $0.47. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $0.25 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, research analysts forecast that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 23rd will be paid a $0.32 dividend. The ex-dividend date is Friday, January 23rd. This represents a $1.28 annualized dividend and a yield of 1.5%. Signet Jewelers’s dividend payout ratio (DPR) is 42.95%.

Hedge Funds Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new position in Signet Jewelers in the third quarter worth $31,000. Ameritas Advisory Services LLC purchased a new position in shares of Signet Jewelers in the 2nd quarter worth about $29,000. Brooklyn Investment Group grew its position in Signet Jewelers by 42,700.0% during the first quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock valued at $25,000 after buying an additional 427 shares during the period. Headlands Technologies LLC bought a new position in Signet Jewelers during the first quarter valued at about $36,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Signet Jewelers during the third quarter worth about $64,000.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.