Signet Jewelers Limited (NYSE:SIG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Signet Jewelers Limited has received an average analyst rating of "Moderate Buy" from seven research firms, with a target price averaging around $88.86.
• In the latest earnings report, Signet posted $1.18 earnings per share, surpassing expectations of $1.01 and showing a 2% increase in revenue from the previous year.
• The company recently declared a quarterly dividend of $0.32, resulting in an annualized yield of 1.5%, with a payout ratio currently at 139.13%.

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $88.8571.

Several equities research analysts have issued reports on SIG shares. Citigroup boosted their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group started coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They set a "buy" rating and a $102.00 price objective for the company. Bank of America boosted their price objective on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. CL King started coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They set a "buy" rating and a $80.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th.

Signet Jewelers Price Performance

SIG stock traded down $2.27 on Wednesday, hitting $87.59. 1,766,730 shares of the company were exchanged, compared to its average volume of 894,804. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $106.28. The business's fifty day moving average is $81.67 and its two-hundred day moving average is $67.84. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 95.20, a price-to-earnings-growth ratio of 0.81 and a beta of 1.40.

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

Signet Jewelers Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake in shares of Signet Jewelers by 42,700.0% in the first quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after purchasing an additional 427 shares during the period. Allworth Financial LP raised its holdings in Signet Jewelers by 946.8% in the first quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after acquiring an additional 445 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Signet Jewelers in the second quarter valued at $29,000. Headlands Technologies LLC acquired a new stake in Signet Jewelers in the first quarter valued at $36,000. Finally, Versant Capital Management Inc raised its holdings in Signet Jewelers by 40.5% in the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after acquiring an additional 223 shares in the last quarter.

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.