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

Signet Jewelers Limited (NYSE:SIG) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $125.56.

SIG has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on shares of Signet Jewelers from $96.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Jefferies Financial Group raised their price objective on Signet Jewelers from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Wells Fargo & Company lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 9th. Weiss Ratings upgraded Signet Jewelers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. Finally, Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd.

Signet Jewelers Price Performance

SIG stock opened at $100.92 on Thursday. The company has a market capitalization of $3.87 billion, a PE ratio of 11.63, a P/E/G ratio of 0.55 and a beta of 1.10. Signet Jewelers has a 12 month low of $71.61 and a 12 month high of $110.20. The firm’s 50-day moving average is $93.29 and its 200 day moving average is $88.83.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.50. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Sell-side analysts forecast that Signet Jewelers will post 11.7 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors 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 yield of 1.4%. Signet Jewelers’s dividend payout ratio is 16.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIG. Bessemer Group Inc. increased its position in shares of Signet Jewelers by 18.5% during the first quarter. Bessemer Group Inc. now owns 76,274 shares of the company’s stock worth $6,456,000 after purchasing an additional 11,926 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Signet Jewelers by 35.9% in the 1st quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock worth $22,449,000 after purchasing an additional 70,110 shares in the last quarter. California State Teachers Retirement System grew its stake in Signet Jewelers by 29.6% during the 1st quarter. California State Teachers Retirement System now owns 45,309 shares of the company’s stock worth $3,835,000 after buying an additional 10,354 shares during the last quarter. Empowered Funds LLC raised its stake in Signet Jewelers by 11.9% in the first quarter. Empowered Funds LLC now owns 156,800 shares of the company’s stock valued at $13,272,000 after buying an additional 16,665 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in Signet Jewelers by 28.3% in the first quarter. Illinois Municipal Retirement Fund now owns 100,339 shares of the company’s stock valued at $8,493,000 after buying an additional 22,120 shares during the last quarter.

Signet Jewelers Company Profile

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that operates through a portfolio of branded stores and online platforms. Its businesses sell diamond, bridal and fashion jewelry, watches, gifts and related accessories, while also providing services such as jewelry repair, customization and financing.

The company’s principal retail brands include Kay Jewelers, Zales, Jared, Diamonds Direct, James Allen, Peoples and Banter by Piercing Pagoda. These brands serve customers through a combination of mall-based and off-mall stores, standalone locations, digital commerce platforms and specialty formats, with offerings positioned across a range of price points and shopping occasions.

Signet primarily serves customers in the United States, Canada and the United Kingdom.