Signet Jewelers (NYSE:SIG) Reaches New 52-Week High - Should You Buy?

Key Points

• Signet Jewelers shares reached a new 52-week high of $106.64, up from a previous close of $104.91, with a trading volume of over 100,000 shares.
• Analysts express mixed sentiments on the stock; while UBS has raised its target price to $110 and maintained a "buy" rating, others like Telsey Advisory have a "market perform" rating with a target of $92.
• The company reported EPS of $1.61 for the last quarter, surpassing estimates, and has set guidance for FY 2026 EPS between 8.040-9.570.

Signet Jewelers Limited (NYSE:SIG - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $106.64 and last traded at $106.32, with a volume of 100588 shares. The stock had previously closed at $104.91.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SIG shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $92.00 target price on shares of Signet Jewelers in a research note on Tuesday, September 2nd. UBS Group increased their price target on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Wells Fargo & Company reiterated a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Signet Jewelers in a research report on Wednesday, October 8th. Finally, Citigroup increased their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Stock Performance

The business's 50 day simple moving average is $92.35 and its 200-day simple moving average is $78.58. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.23.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.21 by $0.40. The firm had revenue of $1.54 billion for 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 was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. 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 expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.28 annualized dividend and a yield of 1.2%. Signet Jewelers's dividend payout ratio (DPR) is currently 42.95%.

Institutional Trading of Signet Jewelers

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIG. Charles Schwab Investment Management Inc. raised its holdings in shares of Signet Jewelers by 175.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock valued at $107,963,000 after acquiring an additional 1,183,214 shares during the period. Hood River Capital Management LLC purchased a new stake in shares of Signet Jewelers in the second quarter valued at $56,537,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Signet Jewelers by 321.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company's stock worth $68,554,000 after buying an additional 657,444 shares during the period. Divisadero Street Capital Management LP purchased a new position in shares of Signet Jewelers during the second quarter valued at $50,342,000. Finally, Vanguard Group Inc. raised its position in Signet Jewelers by 8.1% during the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock valued at $302,258,000 after buying an additional 389,852 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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