Signet Jewelers - SIG Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signet Jewelers in the last year. There are currently 3 hold ratings and 2 buy ratings 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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5 brokerages have issued twelve-month target prices for Signet Jewelers' shares. Their SIG share price forecasts range from $75.00 to $105.00. On average, they anticipate the company's share price to reach $85.00 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
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Signet Jewelers' stock was trading at $68.00 on January 1st, 2023. Since then, SIG shares have increased by 11.2% and is now trading at $75.62.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our SIG earnings forecast.

Signet Jewelers Limited (NYSE:SIG) posted its quarterly earnings data on Tuesday, December, 6th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.44. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.47 billion. Signet Jewelers had a net margin of 5.18% and a trailing twelve-month return on equity of 47.90%.

Signet Jewelers declared a quarterly dividend on Tuesday, December 6th. Stockholders of record on Friday, January 27th will be given a dividend of $0.20 per share on Friday, February 24th. This represents a $0.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, January 26th.
Read our dividend analysis for SIG.

Signet Jewelers (NYSE:SIG) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.04%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIG will have a dividend payout ratio of 7.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIG.

Signet Jewelers issued an update on its FY23 earnings guidance on Tuesday, December, 6th. The company provided EPS guidance of $11.40-12.00 for the period, compared to the consensus earnings per share estimate of $10.93. The company issued revenue guidance of $7.77-7.84 billion, compared to the consensus revenue estimate of $7.79 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 shareholders include Ceredex Value Advisors LLC (0.45%), Yousif Capital Management LLC (0.06%), Louisiana State Employees Retirement System (0.05%), Strs Ohio (0.04%), SummerHaven Investment Management LLC (0.03%) and Ziegler Capital Management LLC (0.02%). Insiders that own company stock include Andre Branch, Brian A Tilzer, Eugenia Ulasewicz, H Todd Stitzer, 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 $75.62.

Signet Jewelers (NYSE:SIG) has a market capitalization of $3.44 billion and generates $7.83 billion in revenue each year. The company earns $769.90 million in net income (profit) each year or $6.20 on an earnings per share basis.

The company employs 30,856 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.