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

Shares of Signet Jewelers Limited (NYSE:SIG) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $112.8750.

A number of research firms have issued reports on SIG. Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Zacks Research cut Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Finally, UBS Group lowered their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a report on Friday, May 22nd.

Signet Jewelers Trading Up 3.7%

Shares of Signet Jewelers stock opened at $87.92 on Friday. The company has a market capitalization of $3.52 billion, a PE ratio of 12.33, a PEG ratio of 0.98 and a beta of 1.17. Signet Jewelers has a 12 month low of $71.61 and a 12 month high of $110.20. The stock’s fifty day simple moving average is $86.42 and its 200 day simple moving average is $89.55.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.38 by $0.18. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Analysts predict that Signet Jewelers will post 10.3 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is 17.95%.

Key Signet Jewelers News

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

• Positive Sentiment: Signet beat Q1 earnings estimates with adjusted EPS of $1.56 versus consensus around $1.32-$1.38, while revenue came in line with expectations and sales rose modestly year over year. Signet Jewelers Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: The company raised its FY2027 outlook, signaling management sees improving momentum in the business and better profitability ahead. Signet Jewelers Reports Higher Sales, Raises Guidance
• Positive Sentiment: Signet also announced a new $50 million share buyback program, which supports per-share value and signals confidence in cash generation. The Diamond Turnaround: Signet Stock Rises On Raised Full-Year Outlook And Share Buybacks
• Neutral Sentiment: The company declared a quarterly dividend of $0.35 per share, reinforcing its shareholder-return policy, though the dividend announcement itself is not the main driver of the stock move.

Hedge Funds Weigh In On Signet Jewelers

Large investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new position in Signet Jewelers during the 4th quarter worth about $31,000. Farther Finance Advisors LLC grew its holdings in shares of Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after acquiring an additional 124 shares in the last quarter. Parallel Advisors LLC grew its holdings 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 acquiring an additional 198 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Signet Jewelers in the 4th quarter valued at about $39,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after acquiring an additional 333 shares in the last quarter.

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.