Signet Jewelers Limited (NYSE:SIG) Stock Has Consensus Target Price of $125.56

Shares of Signet Jewelers Limited (NYSE:SIG) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $125.56.

A number of research analysts have weighed in on the stock. Telsey Advisory Group lifted their price objective on shares of Signet Jewelers from $96.00 to $105.00 and gave the company a “market perform” rating in a report on Thursday, September 10th. Bank of America lifted their price target on shares of Signet Jewelers from $102.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Signet Jewelers in a research report on Tuesday, September 8th. UBS Group boosted their target price on shares of Signet Jewelers from $122.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, The Goldman Sachs Group upped their price target on shares of Signet Jewelers from $96.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $115.04 on Monday. The business’s 50-day simple moving average is $99.70 and its two-hundred day simple moving average is $91.77. The company has a market cap of $4.41 billion, a PE ratio of 13.25, a PEG ratio of 0.64 and a beta of 1.10. Signet Jewelers has a fifty-two week low of $71.61 and a fifty-two week high of $122.64.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, September 9th. The company reported $2.19 EPS for the quarter, topping 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 return on equity of 23.28% and a net margin of 5.19%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. As a group, analysts predict that Signet Jewelers will post 11.70 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Signet Jewelers’s payout ratio is currently 16.13%.

Insider Activity

In other news, insider Stash Ptak sold 405 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $48,600.00. Following the completion of the sale, the insider owned 20,428 shares of the company’s stock, valued at $2,451,360. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.17% of the stock is owned by insiders.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Signet Jewelers in the 2nd quarter worth $32,000. Parallel Advisors LLC grew its stake in shares of Signet Jewelers by 101.0% in the 1st 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. Farther Finance Advisors LLC grew its stake in shares of Signet Jewelers by 46.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 842 shares of the company’s stock valued at $86,000 after buying an additional 266 shares during the period. Signaturefd LLC grew its stake in shares of Signet Jewelers by 36.3% in the 3rd quarter. Signaturefd LLC now owns 1,558 shares of the company’s stock valued at $159,000 after buying an additional 415 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Signet Jewelers during the 2nd quarter worth approximately $139,000.

About Signet Jewelers

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.