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

Key Points

• Analysts remain generally bullish: Signet Jewelers has a “Moderate Buy” consensus from 12 analysts, with an average 12-month price target of $125.56 versus the reported share price of $117.44.
• Quarterly earnings beat expectations: The company reported $2.19 in adjusted EPS, exceeding the $1.69 consensus estimate, while revenue reached $1.53 billion and declined slightly year over year.
• Signet declared a quarterly dividend of $0.35: The payment equates to $1.40 annually and a 1.2% yield; meanwhile, insider Stash Ptak sold 1,595 shares under a pre-arranged Rule 10b5-1 trading plan.

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twelve research firms that are currently 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 12-month price objective among brokers that have covered the stock in the last year is $125.56.

SIG has been the subject of a number of research analyst reports. Stephens reiterated an "overweight" rating and set a $130.00 price target on shares of Signet Jewelers in a report on Tuesday, September 8th. Jefferies Financial Group boosted their target price on shares of Signet Jewelers from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Bank of America lifted their price objective on Signet Jewelers from $102.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, September 10th. Raymond James Financial lifted their price objective on Signet Jewelers from $100.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, September 10th. Finally, Weiss Ratings upgraded Signet Jewelers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, September 24th.

Insider Buying and Selling at Signet Jewelers

In related news, insider Stash Ptak sold 1,595 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $120.00, for a total transaction of $191,400.00. Following the completion of the transaction, the insider directly owned 20,833 shares of the company's stock, valued at approximately $2,499,960. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.17% of the stock is owned by insiders.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds have recently bought and sold shares of SIG. Ameritas Advisory Services LLC acquired a new position in shares of Signet Jewelers in the second quarter valued at about $32,000. Parallel Advisors LLC lifted its holdings in shares of Signet Jewelers by 101.0% in the first quarter. Parallel Advisors LLC now owns 394 shares of the company's stock worth $33,000 after acquiring an additional 198 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Signet Jewelers by 46.2% during the third quarter. Farther Finance Advisors LLC now owns 842 shares of the company's stock worth $86,000 after buying an additional 266 shares during the last quarter. Signaturefd LLC grew its position in Signet Jewelers by 36.3% during the 3rd quarter. Signaturefd LLC now owns 1,558 shares of the company's stock worth $159,000 after acquiring an additional 415 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Signet Jewelers in the 2nd quarter valued at approximately $139,000.

Signet Jewelers Price Performance

Shares of SIG opened at $117.44 on Monday. Signet Jewelers has a 12-month low of $71.61 and a 12-month high of $122.64. The firm's 50 day moving average is $97.91 and its 200-day moving average is $91.42. The stock has a market capitalization of $4.50 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.64 and a beta of 1.10.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its 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 company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.53 billion. Signet Jewelers had a return on equity of 23.28% and a net margin of 5.19%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. As a group, equities research analysts forecast that Signet Jewelers will post 11.70 EPS 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. Shareholders 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 annualized dividend and a dividend yield of 1.2%. Signet Jewelers's dividend payout ratio (DPR) is currently 16.13%.

Signet Jewelers Company Profile

Signet Jewelers Limited NYSE: SIG is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.

Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.

The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.