Signet Jewelers (NYSE:SIG) Price Target Raised to $136.00

Signet Jewelers (NYSE:SIG) had its price objective lifted by UBS Group from $122.00 to $136.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. Raymond James Financial started coverage on Signet Jewelers in a research note on Thursday, July 23rd. They set an “outperform” rating and a $105.00 target price for the company. Bank of America boosted their price target on shares of Signet Jewelers from $102.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a research report on Tuesday, September 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Tuesday, August 25th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $125.56.

Signet Jewelers Stock Up 2.3%

NYSE:SIG opened at $99.96 on Thursday. Signet Jewelers has a 52 week low of $71.61 and a 52 week high of $110.20. The stock has a market capitalization of $3.93 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.04 and a beta of 1.11. The stock’s 50-day moving average price is $88.94 and its 200-day moving average price is $87.93.

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

Signet Jewelers Dividend Announcement

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

Hedge Funds Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc increased its holdings in shares of Signet Jewelers by 3.1% in the fourth quarter. CIBC Asset Management Inc now owns 4,072 shares of the company’s stock valued at $337,000 after purchasing an additional 121 shares during the period. Amundi raised its stake in shares of Signet Jewelers by 1.9% during the 3rd quarter. Amundi now owns 7,358 shares of the company’s stock worth $689,000 after buying an additional 140 shares in the last quarter. Xponance LLC raised its position in Signet Jewelers by 4.6% in the fourth quarter. Xponance LLC now owns 3,450 shares of the company’s stock worth $286,000 after acquiring an additional 152 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Signet Jewelers by 5.2% in the fourth quarter. Rafferty Asset Management LLC now owns 3,943 shares of the company’s stock valued at $327,000 after purchasing an additional 195 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Signet Jewelers by 101.0% during 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 during the period.

Signet Jewelers News Summary

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

• Positive Sentiment: Earnings beat and higher guidance: Signet reported adjusted earnings per share of $2.19, well above the $1.69 analyst consensus, while revenue of $1.53 billion was broadly in line with expectations. Management raised its fiscal 2027 outlook and forecast adjusted operating income of $535 million to $605 million. Signet Jewelers Q2 earnings and guidance
• Positive Sentiment: Margin and cost improvements support the outlook: The earnings surprise reflected better margins and ongoing benefits from the company’s Bread Financial renewal, which Signet expects to generate $200 million to $250 million over 36 months. Analysts highlighted the results as evidence of a potentially stronger second half for jewelry demand. Signet raises guidance
• Positive Sentiment: More bullish analyst targets: Citigroup raised its price target to $140 and UBS increased its target to $136; both firms assigned “buy” ratings. Stephens also reaffirmed its “overweight” rating, reinforcing the positive reaction to Signet’s results.
• Positive Sentiment: Kay Jewelers rebrand: Kay launched what it describes as the largest rebrand in its history, aimed at modernizing the customer experience and strengthening Signet’s most important banner. The initiative could support longer-term sales and brand relevance. Kay Jewelers rebrand
• Neutral Sentiment: Income return: Signet declared a quarterly dividend of $0.35 per share, payable November 20 to shareholders of record October 23, providing a modest shareholder-return component.
• Neutral Sentiment: Analyst caution remains: Bank of America maintained a “hold” rating, and the broader analyst consensus remains “hold,” indicating that some investors see the recent rally and valuation as already reflecting much of the improved outlook. Bank of America rating
• Negative Sentiment: Underlying sales remain mixed: Quarterly revenue declined slightly year over year, and commentary suggested strength is concentrated at particular jewelry price points. That leaves Signet exposed to cautious consumer spending and limits the certainty of a broad-based recovery.

About Signet Jewelers

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer serving customers primarily in the United States, Canada and the United Kingdom. The company sells diamond and other fine jewelry, engagement and wedding rings, fashion jewelry, watches, and related accessories through stores and e-commerce platforms.

Signet operates a portfolio of retail banners that includes Kay Jewelers, Zales, Jared, Diamonds Direct, Banter by Piercing Pagoda and Blue Nile. Its offerings span accessible fashion jewelry and personalized products as well as bridal jewelry and higher-end diamond merchandise.