Signet Jewelers Limited (NYSE:SIG) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Signet Jewelers Limited has received a consensus recommendation of "Hold" from seven brokerages, with one rating it a sell, two a hold, and four a buy.
• The company's stock is trading at approximately $95.78, sitting between a twelve-month low of $45.55 and a high of $106.28.
• Signet recently reported quarterly earnings of $1.61 per share, exceeding analyst expectations, and announced a quarterly dividend of $0.32 per share to be paid on November 21st.

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have earned a consensus rating of "Hold" from the seven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $97.7143.

Several analysts have weighed in on SIG shares. Jefferies Financial Group started coverage on Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 price objective for the company. Citigroup boosted their price objective on Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Wall Street Zen raised Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Telsey Advisory Group reissued a "market perform" rating and set a $92.00 price objective on shares of Signet Jewelers in a report on Tuesday, September 2nd. Finally, UBS Group boosted their price objective on Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd.

Signet Jewelers Trading Up 1.3%

Shares of Signet Jewelers stock traded up $1.20 during trading on Friday, reaching $96.27. The company's stock had a trading volume of 254,271 shares, compared to its average volume of 1,313,040. The stock has a 50-day moving average price of $85.18 and a two-hundred day moving average price of $72.57. Signet Jewelers has a one year low of $45.55 and a one year high of $106.28. The stock has a market capitalization of $3.94 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.40. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers's payout ratio is currently 42.95%.

Hedge Funds Weigh In On Signet Jewelers

Institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of Signet Jewelers during the 2nd quarter worth about $29,000. Brooklyn Investment Group grew its position in shares of Signet Jewelers by 42,700.0% during the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock worth $25,000 after buying an additional 427 shares during the period. Allworth Financial LP grew its position in shares of Signet Jewelers by 946.8% during the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after buying an additional 445 shares during the period. Headlands Technologies LLC acquired a new position in shares of Signet Jewelers during the 1st quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company's stock worth $54,000 after buying an additional 428 shares during the period.

About Signet Jewelers

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.