Signet Jewelers Stock Price, News & Analysis (NYSE:SIG)

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Signet Jewelers in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SIG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIG, but not buy additional shares or sell existing shares.
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4 Wall Street analysts have issued 12-month price objectives for Signet Jewelers' stock. Their SIG share price targets range from $68.00 to $95.00. On average, they predict the company's share price to reach $84.20 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
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Signet Jewelers' stock was trading at $68.00 at the start of the year. Since then, SIG shares have increased by 20.2% and is now trading at $81.75.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our SIG earnings forecast.

Signet Jewelers will be holding an earnings conference call on Tuesday, December 5th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Signet Jewelers Limited (NYSE:SIG) announced its quarterly earnings data on Thursday, August, 31st. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Signet Jewelers had a net margin of 6.47% and a trailing twelve-month return on equity of 34.59%. The business's revenue was down 8.1% on a year-over-year basis. During the same period last year, the company earned $2.68 earnings per share.

Signet Jewelers declared a quarterly dividend on Thursday, August 31st. Shareholders of record on Friday, October 27th will be paid a dividend of $0.23 per share on Friday, November 24th. This represents a $0.92 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, October 26th.
Read our dividend analysis for SIG.

Signet Jewelers (NYSE:SIG) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.14%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIG will have a dividend payout ratio of 8.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIG.

ETFs with the largest weight of Signet Jewelers (NYSE:SIG) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Principal Millennial Global Growth ETF (GENY), Alpha Architect U.S. Quantitative Value ETF (QVAL), Pacer US Small Cap Cash Cows 100 ETF (CALF), SPDR S&P Retail ETF (XRT), Invesco S&P SmallCap Quality ETF (XSHQ), Direxion Daily Retail Bull 3X Shares (RETL) and Distillate Small/Mid Cash Flow ETF (DSMC).

Signet Jewelers issued an update on its third quarter 2024 earnings guidance on Thursday, August, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.36 billion-$1.41 billion, compared to the consensus revenue estimate of $1.40 billion.

219 employees have rated Signet Jewelers Chief Executive Officer Gina C. Drosos on Glassdoor.com. Gina C. Drosos has an approval rating of 42% among the company's employees. This puts Gina C. Drosos in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Signet Jewelers investors own include Wells Fargo & Company (WFC), AT&T (T), Enterprise Products Partners (EPD), Annaly Capital Management (NLY), NVIDIA (NVDA), NGL Energy Partners (NGL), Walt Disney (DIS), Bank of America (BAC), General Motors (GM) and Salesforce (CRM).

Signet Jewelers' stock is owned by many different retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (2.92%), FMR LLC (2.68%), Brown Advisory Inc. (1.60%), Fuller & Thaler Asset Management Inc. (1.41%), Charles Schwab Investment Management Inc. (1.40%) and Northern Trust Corp (1.31%). Insiders that own company stock include Andre Branch, Brian A Tilzer, Eugenia Ulasewicz, Helen Mccluskey, Howard A Melnick, Jamie Singleton, Joan M Hilson, Mary Elizabeth Finn, Oded Edelman, Rebecca Wooters, Stash Ptak, Stephen E Lovejoy, Virginia Drosos and Zackery A Hicks.
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Shares of SIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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