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

Key Points

• Analyst sentiment is moderately bullish: Twelve analysts rate Signet Jewelers “Moderate Buy,” with six buys, five holds and one strong buy. The average 12-month price target is $125.56, above the reported share price of $102.62.
• Recent analysts raised their targets, including Citigroup to $140, Bank of America to $115 and Wells Fargo to $100, although several maintained neutral or equal-weight ratings.
• Signet exceeded quarterly earnings expectations, reporting $2.19 EPS versus the $1.69 consensus, while revenue was $1.53 billion and declined 0.5% year over year. The company also declared a quarterly dividend of $0.35 per share, representing a 1.4% annualized yield.

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $125.56.

SIG has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Signet Jewelers from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, September 9th. Weiss Ratings upgraded shares of Signet Jewelers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, September 24th. Telsey Advisory Group raised their target price on shares of Signet Jewelers from $96.00 to $105.00 and gave the stock a "market perform" rating in a research report on Thursday, September 10th. Citigroup boosted their target price on shares of Signet Jewelers from $120.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, September 10th. Finally, Bank of America upped their price target on shares of Signet Jewelers from $102.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, September 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIG. Ameritas Advisory Services LLC acquired a new position in shares of Signet Jewelers in the 2nd quarter valued at about $32,000. Parallel Advisors LLC increased its position in Signet Jewelers by 101.0% during the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company's stock worth $33,000 after purchasing an additional 198 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Signet Jewelers by 13,533.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,227 shares of the company's stock valued at $102,000 after buying an additional 1,218 shares during the period. Central Pacific Bank Trust Division purchased a new position in Signet Jewelers in the second quarter valued at approximately $139,000. Finally, Leonteq Securities AG raised its holdings in Signet Jewelers by 747.8% in the first quarter. Leonteq Securities AG now owns 1,721 shares of the company's stock valued at $146,000 after buying an additional 1,518 shares during the period.

Signet Jewelers Stock Down 1.6%

Shares of Signet Jewelers stock opened at $102.62 on Thursday. Signet Jewelers has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The firm has a market cap of $3.93 billion, a PE ratio of 11.82, a P/E/G ratio of 0.57 and a beta of 1.11. The business's fifty day moving average is $92.80 and its two-hundred day moving average is $88.59.

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

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 23rd. Signet Jewelers's dividend payout ratio is presently 16.13%.

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.

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