Signet Jewelers Limited (NYSE:SIG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Signet Jewelers Limited has received a consensus recommendation of "Moderate Buy" from analysts, with three rated as hold and four as buy, and an average 1-year price target of $88.86.
• The company recently reported a EPS of $1.18 for the quarter, surpassing expectations, with revenue increasing by 2.0% year-over-year to $1.54 billion.
• Signet Jewelers announced a quarterly dividend of $0.32 per share, reflecting an annualized dividend payment of $1.28 and a yield of 1.5%.

Signet Jewelers Limited (NYSE:SIG - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $88.8571.

A number of research firms have weighed in on SIG. Bank of America boosted their target price on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Jefferies Financial Group started coverage on shares of Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 target price on the stock. UBS Group upped their price objective on shares of Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, CL King started coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective on the stock.

Signet Jewelers Trading Up 3.3%

Shares of NYSE:SIG opened at $87.96 on Wednesday. The firm has a 50 day moving average of $81.15 and a 200-day moving average of $67.19. The stock has a market capitalization of $3.62 billion, a PE ratio of 95.61, a PEG ratio of 0.77 and a beta of 1.40. Signet Jewelers has a 12 month low of $45.55 and a 12 month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.01 by $0.17. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 EPS. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. On average, research analysts predict that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, July 25th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, July 25th. Signet Jewelers's payout ratio is presently 139.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SIG. Brooklyn Investment Group raised its holdings in Signet Jewelers by 42,700.0% during the first quarter. Brooklyn Investment Group now owns 428 shares of the company's stock worth $25,000 after buying an additional 427 shares during the last quarter. Allworth Financial LP grew its stake in shares of Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after acquiring an additional 445 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Signet Jewelers in the 2nd quarter worth $29,000. Headlands Technologies LLC bought a new stake in shares of Signet Jewelers in the 1st quarter worth $36,000. Finally, Versant Capital Management Inc grew its position in Signet Jewelers by 40.5% during the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after buying an additional 223 shares during the period.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.

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