Signet Jewelers (NYSE:SIG) Price Target Raised to $100.00

Signet Jewelers (NYSE:SIG) had its price objective increased by Wells Fargo & Company from $90.00 to $100.00 in a research note published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

SIG has been the subject of several other research reports. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Citigroup restated a “buy” rating on shares of Signet Jewelers in a research note on Tuesday, August 25th. UBS Group upped their price target on Signet Jewelers from $121.00 to $122.00 and gave the company a “buy” rating in a report on Monday, August 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research report on Monday, July 6th. Finally, Raymond James Financial started coverage on Signet Jewelers in a report on Thursday, July 23rd. They set an “outperform” rating and a $105.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $125.56.

Signet Jewelers Trading Up 2.3%

Shares of SIG stock opened at $99.96 on Wednesday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11. Signet Jewelers has a 1 year low of $71.61 and a 1 year high of $110.20. The firm’s fifty day simple moving average is $88.94 and its 200 day simple moving average is $87.93.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results 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. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Equities research analysts anticipate that Signet Jewelers will post 10.66 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently declared 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. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers’s dividend payout ratio is 19.64%.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors have recently added to or reduced their stakes in SIG. California State Teachers Retirement System lifted its holdings in shares of Signet Jewelers by 8,406.0% during the second quarter. California State Teachers Retirement System now owns 3,854,002 shares of the company’s stock valued at $332,215,000 after acquiring an additional 3,808,693 shares during the period. LSV Asset Management grew its holdings in shares of Signet Jewelers by 90.0% in the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock worth $89,332,000 after purchasing an additional 510,551 shares during the last quarter. Clark Capital Management Group Inc. bought a new stake in shares of Signet Jewelers in the 4th quarter worth about $35,815,000. Victory Capital Management Inc. increased its position in shares of Signet Jewelers by 90.7% during the 4th quarter. Victory Capital Management Inc. now owns 639,771 shares of the company’s stock worth $53,024,000 after purchasing an additional 304,288 shares in the last quarter. Finally, Summit Street Capital Management LLC acquired a new stake in shares of Signet Jewelers during the 3rd quarter worth about $25,328,000.

Trending Headlines about Signet Jewelers

Here are the key news stories impacting Signet Jewelers this week:

• Positive Sentiment: Earnings beat and higher guidance: Signet reported adjusted earnings per share of $2.19, well above the $1.69 analyst consensus, while revenue of $1.53 billion was broadly in line with expectations. Management raised its fiscal 2027 outlook and forecast adjusted operating income of $535 million to $605 million. Signet Jewelers Q2 earnings and guidance
• Positive Sentiment: Margin and cost improvements support the outlook: The earnings surprise reflected better margins and ongoing benefits from the company’s Bread Financial renewal, which Signet expects to generate $200 million to $250 million over 36 months. Analysts highlighted the results as evidence of a potentially stronger second half for jewelry demand. Signet raises guidance
• Positive Sentiment: More bullish analyst targets: Citigroup raised its price target to $140 and UBS increased its target to $136; both firms assigned “buy” ratings. Stephens also reaffirmed its “overweight” rating, reinforcing the positive reaction to Signet’s results.
• Positive Sentiment: Kay Jewelers rebrand: Kay launched what it describes as the largest rebrand in its history, aimed at modernizing the customer experience and strengthening Signet’s most important banner. The initiative could support longer-term sales and brand relevance. Kay Jewelers rebrand
• Neutral Sentiment: Income return: Signet declared a quarterly dividend of $0.35 per share, payable November 20 to shareholders of record October 23, providing a modest shareholder-return component.
• Neutral Sentiment: Analyst caution remains: Bank of America maintained a “hold” rating, and the broader analyst consensus remains “hold,” indicating that some investors see the recent rally and valuation as already reflecting much of the improved outlook. Bank of America rating
• Negative Sentiment: Underlying sales remain mixed: Quarterly revenue declined slightly year over year, and commentary suggested strength is concentrated at particular jewelry price points. That leaves Signet exposed to cautious consumer spending and limits the certainty of a broad-based recovery.

Signet Jewelers Company Profile

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer serving customers primarily in the United States, Canada and the United Kingdom. The company sells diamond and other fine jewelry, engagement and wedding rings, fashion jewelry, watches, and related accessories through stores and e-commerce platforms.

Signet operates a portfolio of retail banners that includes Kay Jewelers, Zales, Jared, Diamonds Direct, Banter by Piercing Pagoda and Blue Nile. Its offerings span accessible fashion jewelry and personalized products as well as bridal jewelry and higher-end diamond merchandise.