Signet Jewelers Limited (NYSE:SIG) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Signet Jewelers “Moderate Buy.” Of 12 firms covering the stock, five recommend buying, two strongly recommend buying, and five rate it a hold; the average 12-month price target is $112.
• Signet reported quarterly EPS of $1.56, exceeding the $1.38 consensus estimate, while revenue reached $1.55 billion, up 0.8% year over year. The stock opened at $94.76, with a 12-month range of $71.61 to $110.20.
• The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 1.5% yield, with payment scheduled for August 21 to shareholders of record July 24.

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $112.00.

A number of brokerages recently issued reports on SIG. Wells Fargo & Company reiterated a "mixed" rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Signet Jewelers in a research report on Friday, May 29th. Weiss Ratings restated a "hold (c)" rating on shares of Signet Jewelers in a research note on Monday, July 6th. Zacks Research raised Signet Jewelers from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Finally, UBS Group dropped their price target on Signet Jewelers from $126.00 to $121.00 and set a "buy" rating for the company in a research report on Friday, May 22nd.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc raised its stake 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 worth $337,000 after purchasing an additional 121 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company's stock valued at $31,000 after purchasing an additional 124 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Signet Jewelers by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company's stock valued at $1,727,000 after buying an additional 138 shares during the last quarter. Amundi boosted its position in shares of Signet Jewelers by 1.9% during the third quarter. Amundi now owns 7,358 shares of the company's stock valued at $689,000 after buying an additional 140 shares during the last quarter. Finally, Xponance LLC increased its holdings in Signet Jewelers by 4.6% in the 4th quarter. Xponance LLC now owns 3,450 shares of the company's stock worth $286,000 after buying an additional 152 shares in the last quarter.

Signet Jewelers Trading Up 0.3%

SIG stock opened at $94.76 on Wednesday. The firm has a 50 day moving average of $88.85 and a 200-day moving average of $88.91. The firm has a market capitalization of $3.73 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.98 and a beta of 1.16. Signet Jewelers has a 12 month low of $71.61 and a 12 month high of $110.20.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the prior year, the company posted $1.18 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Sell-side analysts predict that Signet Jewelers will post 10.65 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers's dividend payout ratio (DPR) is currently 19.64%.

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.

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