Signet Jewelers Limited (NYSE:SIG) Receives $109.67 Average Price Target from Analysts

Signet Jewelers Limited (NYSE:SIG) has been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $109.6667.

Several analysts recently weighed in on SIG shares. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 27th. The Goldman Sachs Group started coverage on Signet Jewelers in a research note on Thursday, December 11th. They issued a “neutral” rating and a $96.00 price target for the company. Jefferies Financial Group raised their price objective on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Wells Fargo & Company reduced their target price on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. Finally, UBS Group reissued a “buy” rating on shares of Signet Jewelers in a research report on Wednesday.

Signet Jewelers Trading Down 0.2%

NYSE:SIG opened at $82.88 on Tuesday. The stock’s 50-day moving average is $93.24 and its 200-day moving average is $89.57. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $110.20. The stock has a market cap of $3.37 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business earned $0.25 EPS. The firm’s quarterly 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. As a group, equities analysts forecast that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

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

Institutional Trading of Signet Jewelers

A number of large investors have recently bought and sold shares of SIG. Ameritas Advisory Services LLC bought a new position in shares of Signet Jewelers in the 2nd quarter worth about $29,000. Salomon & Ludwin LLC bought a new stake in Signet Jewelers in the third quarter worth approximately $31,000. Quarry LP bought a new stake in Signet Jewelers in the first quarter worth approximately $54,000. EverSource Wealth Advisors LLC lifted its stake in Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after buying an additional 428 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Signet Jewelers during the 3rd quarter worth approximately $64,000.

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.