Signet Jewelers (NYSE:SIG) Shares Down 4% - What's Next?

Key Points

• Shares of Signet Jewelers dropped 4%, trading at $92.38, with a significant decline in volume compared to its average session.
• UBS Group upgraded Signet's price target to $110.00 with a "buy" rating, while the stock holds a consensus rating of "Hold" with a target price of $97.71.
• The company announced a quarterly dividend of $0.32 per share, representing a yield of 1.4%, with an ex-dividend date of October 24th.

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) traded down 4% during mid-day trading on Monday . The company traded as low as $92.93 and last traded at $92.38. 56,310 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,284,777 shares. The stock had previously closed at $96.21.

Wall Street Analyst Weigh In

SIG has been the subject of several recent research reports. UBS Group increased their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Telsey Advisory Group reiterated a "market perform" rating and issued a $92.00 price objective on shares of Signet Jewelers in a report on Tuesday, September 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Signet Jewelers in a research report on Saturday, September 27th. Finally, Wells Fargo & Company reaffirmed a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Stock Performance

The company has a market cap of $3.84 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.10 and a beta of 1.23. The business has a fifty day simple moving average of $87.62 and a 200 day simple moving average of $75.50.

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

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers's dividend payout ratio is currently 42.95%.

Hedge Funds Weigh In On Signet Jewelers

A number of large investors have recently bought and sold shares of SIG. GAMMA Investing LLC grew its holdings in shares of Signet Jewelers by 5.4% during the third quarter. GAMMA Investing LLC now owns 3,271 shares of the company's stock valued at $314,000 after purchasing an additional 168 shares during the last quarter. Corient Private Wealth LLC acquired a new position in Signet Jewelers during the 2nd quarter valued at approximately $257,000. Texas Permanent School Fund Corp boosted its position in Signet Jewelers by 73.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 84,213 shares of the company's stock valued at $6,699,000 after purchasing an additional 35,593 shares during the period. Osaic Holdings Inc. grew its stake in Signet Jewelers by 18.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,621 shares of the company's stock worth $129,000 after buying an additional 257 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Signet Jewelers in the second quarter worth $69,000.

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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