Signet Jewelers Limited (NYSE:SIG) Receives $105.38 Average Target Price from Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $105.3750.

A number of analysts recently commented on SIG shares. Stephens assumed coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target for the company. Wall Street Zen raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Bank of America boosted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Finally, Citigroup lifted their price objective on Signet Jewelers from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd.

Signet Jewelers Stock Performance

NYSE:SIG opened at $82.99 on Friday. The business has a 50 day moving average price of $98.35 and a 200-day moving average price of $87.96. Signet Jewelers has a fifty-two week low of $45.55 and a fifty-two week high of $110.20. The firm has a market cap of $3.40 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.01 and a beta of 1.12.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.36 billion. During the same quarter last year, the firm earned $0.25 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Research analysts predict that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, January 23rd. Signet Jewelers’s payout ratio is 38.21%.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Signet Jewelers by 175.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock worth $107,963,000 after purchasing an additional 1,183,214 shares in the last quarter. Hood River Capital Management LLC bought a new position in Signet Jewelers during the 2nd quarter valued at approximately $56,537,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Signet Jewelers by 321.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock worth $68,554,000 after acquiring an additional 657,444 shares during the last quarter. Divisadero Street Capital Management LP purchased a new stake in shares of Signet Jewelers in the second quarter worth $50,342,000. Finally, Bowen Hanes & Co. Inc. bought a new position in shares of Signet Jewelers during the third quarter valued at $47,837,000.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.