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

Signet Jewelers Limited (NYSE:SIG) has received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $109.6667.

A number of analysts recently commented on the company. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “buy” rating in a report on Sunday. Wells Fargo & Company lowered their target price on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $96.00 target price (up from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd.

Signet Jewelers Price Performance

NYSE SIG opened at $98.01 on Wednesday. The company has a fifty day moving average price of $89.88 and a 200-day moving average price of $92.47. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.07 and a beta of 1.28. Signet Jewelers has a 1 year low of $45.55 and a 1 year high of $110.20.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.47. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company earned $0.25 earnings per share. 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 anticipate 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 was paid on Friday, February 20th. Investors of record on Friday, January 23rd were paid a $0.32 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.28 annualized dividend and a yield of 1.3%. Signet Jewelers’s dividend payout ratio is presently 38.21%.

Institutional Trading of Signet Jewelers

Several hedge funds have recently made changes to their positions in SIG. Hood River Capital Management LLC bought a new position in shares of Signet Jewelers during the 2nd quarter worth $56,537,000. Arrowstreet Capital Limited Partnership raised its stake in Signet Jewelers by 321.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock valued at $68,554,000 after acquiring an additional 657,444 shares during the period. Divisadero Street Capital Management LP purchased a new stake in Signet Jewelers during the second quarter valued at about $50,342,000. LSV Asset Management boosted its position in Signet Jewelers by 90.0% during the fourth 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 period. Finally, Bowen Hanes & Co. Inc. purchased a new position in shares of Signet Jewelers in the third quarter worth about $47,837,000.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.