Signet Jewelers (NYSE:SIG) Receives "Market Perform" Rating from Telsey Advisory Group

Key Points

• Telsey Advisory Group has maintained a "market perform" rating for Signet Jewelers, with a price target set at $92.00, indicating a potential upside of 5.04% from its previous close.
• Signet Jewelers reported $1.61 EPS for the last quarter, surpassing analysts' expectations of $1.21, with a year-over-year revenue increase of 3.0%.
• The stock has a current consensus rating of "Moderate Buy" from analysts, with an average target price of $88.86.

Telsey Advisory Group restated their market perform rating on shares of Signet Jewelers (NYSE:SIG - Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $92.00 target price on the stock. Telsey Advisory Group also issued estimates for Signet Jewelers' Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $5.91 EPS, Q1 2027 earnings at $1.47 EPS, Q2 2027 earnings at $1.74 EPS and Q4 2027 earnings at $6.18 EPS.

Several other brokerages have also recently commented on SIG. Citigroup boosted their price target on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. CL King assumed coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 price target on the stock. Wall Street Zen cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Wells Fargo & Company boosted their price target on shares of Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Finally, UBS Group boosted their price target on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Stock Performance

NYSE SIG traded up $3.04 on Tuesday, reaching $93.59. The company had a trading volume of 1,196,928 shares, compared to its average volume of 1,088,454. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $106.28. The company's fifty day moving average is $82.63 and its 200-day moving average is $69.08.

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

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a 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%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SIG. Brooklyn Investment Group raised its holdings in Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after acquiring 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 purchasing an additional 445 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Signet Jewelers during the 2nd quarter worth approximately $29,000. Headlands Technologies LLC acquired a new position in shares of Signet Jewelers during the 1st quarter worth approximately $36,000. Finally, Versant Capital Management Inc grew its position in shares of Signet Jewelers by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after purchasing 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.