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

Shares of Signet Jewelers Limited (NYSE:SIG) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $125.56.

SIG has been the topic of a number of recent research reports. Weiss Ratings raised Signet Jewelers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Zacks Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Raymond James Financial raised their price target on shares of Signet Jewelers from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. Citigroup boosted their price objective on shares of Signet Jewelers from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Telsey Advisory Group increased their target price 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.

Hedge Funds Weigh In On Signet Jewelers

Large investors have recently modified their holdings of the business. Parallel Advisors LLC increased its stake in shares of Signet Jewelers by 101.0% in the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after buying an additional 198 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Signet Jewelers in the second quarter worth approximately $32,000. Convergence Investment Partners LLC lifted its stake in shares of Signet Jewelers by 2.4% in the first quarter. Convergence Investment Partners LLC now owns 15,840 shares of the company’s stock worth $1,341,000 after acquiring an additional 377 shares during the period. Central Pacific Bank Trust Division boosted its holdings in Signet Jewelers by 28.0% in the third quarter. Central Pacific Bank Trust Division now owns 2,060 shares of the company’s stock valued at $211,000 after acquiring an additional 450 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Signet Jewelers by 5.0% in the second quarter. Handelsbanken Fonder AB now owns 12,700 shares of the company’s stock valued at $1,095,000 after acquiring an additional 600 shares during the last quarter.

Signet Jewelers Trading Up 1.4%

SIG stock opened at $103.56 on Thursday. The stock has a 50-day moving average price of $93.57 and a two-hundred day moving average price of $89.24. The stock has a market cap of $3.97 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. Signet Jewelers has a 1 year low of $71.61 and a 1 year high of $110.20.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.50. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. Signet Jewelers had a return on equity of 23.28% and a net margin of 5.19%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, analysts forecast that Signet Jewelers will post 11.7 earnings per share 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. Shareholders of record on Friday, October 23rd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.40 annualized dividend and a yield of 1.4%. Signet Jewelers’s payout ratio is 16.13%.

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.