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

Signet Jewelers Limited (NYSE:SIG) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $112.00.

A number of brokerages have weighed in on SIG. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a research note on Friday, May 29th. Raymond James Financial began coverage on Signet Jewelers in a research note on Thursday, July 23rd. They issued an “outperform” rating and a $105.00 price target on the stock. UBS Group lowered their price objective on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Citigroup upped their price objective on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. LSV Asset Management lifted its stake in shares of Signet Jewelers by 90.0% during the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock valued at $89,332,000 after buying an additional 510,551 shares in the last quarter. Clark Capital Management Group Inc. purchased a new stake in shares of Signet Jewelers during the fourth quarter worth about $35,815,000. UBS Group AG grew its position in shares of Signet Jewelers by 185.4% during the fourth quarter. UBS Group AG now owns 545,140 shares of the company’s stock worth $45,181,000 after purchasing an additional 354,108 shares in the last quarter. Victory Capital Management Inc. raised its stake in Signet Jewelers by 90.7% during the 4th quarter. Victory Capital Management Inc. now owns 639,771 shares of the company’s stock valued at $53,024,000 after purchasing an additional 304,288 shares during the period. Finally, Summit Street Capital Management LLC bought a new stake in Signet Jewelers during the 3rd quarter valued at approximately $25,328,000.

Signet Jewelers Stock Up 0.3%

Shares of SIG stock opened at $94.76 on Wednesday. The company has a 50 day moving average price of $88.85 and a 200-day moving average price of $88.91. Signet Jewelers has a 52 week low of $71.61 and a 52 week high of $110.20. The firm has a market capitalization of $3.73 billion, a PE ratio of 13.29, a P/E/G ratio of 0.98 and a beta of 1.16.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $1.18 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Analysts anticipate that Signet Jewelers will post 10.65 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s payout ratio is currently 19.64%.

About Signet Jewelers

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.