Signet Jewelers (SIG) Stock Forecast, Price & News

4 Wall Street 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 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 brokers have issued 1-year price targets for Signet Jewelers' shares. Their SIG share price forecasts range from $68.00 to $95.00. On average, they predict the company's stock price to reach $84.20 in the next year. This suggests a possible upside of 20.1% 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 stock has increased by 3.1% and is now trading at $70.13.
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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 Limited (NYSE:SIG) announced its earnings results on Thursday, August, 31st. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The company earned $1.61 billion during the quarter, compared to analysts' expectations of $1.58 billion. Signet Jewelers had a trailing twelve-month return on equity of 34.59% and a net margin of 6.47%. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.68 EPS.

Signet Jewelers declared a quarterly dividend on Thursday, August 31st. Stockholders of record on Friday, October 27th will be given a dividend of $0.23 per share on Friday, November 24th. This represents a $0.92 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, October 26th.
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 (NYSE:SIG) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.28%. 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.

Signet Jewelers updated its third quarter 2024 earnings guidance on Thursday, August, 31st. The company provided earnings per share (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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SIG."

Signet Jewelers' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.04%), Dimensional Fund Advisors LP (5.19%), Victory Capital Management Inc. (4.62%), State Street Corp (4.02%), Geode Capital Management LLC (1.94%) and Pacer Advisors Inc. (1.44%). Insiders that own company stock include Andre Branch, Brian A Tilzer, Eugenia Ulasewicz, Helen Mccluskey, Jamie Singleton, Joan M Hilson, Mary Elizabeth Finn, Oded Edelman, Rebecca Wooters, Stash Ptak, Stephen E Lovejoy and Virginia Drosos.
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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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One share of SIG stock can currently be purchased for approximately $70.13.

Signet Jewelers (NYSE:SIG) has a market capitalization of $3.15 billion and generates $7.84 billion in revenue each year. The company earns $376.70 million in net income (profit) each year or $8.79 on an earnings per share basis.

The company employs 29,660 workers across the globe.

Signet Jewelers' mailing address is 2 CHURCH STREET, HAMILTON D0, HM11. The official website for the company is www.signetjewelers.com. The company can be reached via phone at (441) 296-5872 or via email at vincent.sinisi@signetjewelers.com.