Signet Jewelers (SIG) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signet Jewelers in the last year. There are currently 2 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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3 Wall Street research analysts have issued 1 year target prices for Signet Jewelers' stock. Their SIG share price forecasts range from $68.00 to $98.00. On average, they anticipate the company's stock price to reach $83.40 in the next year. This suggests a possible upside of 39.2% from the stock's current price.
View analysts price targets for SIG or view top-rated stocks among Wall Street analysts.

Signet Jewelers' stock was trading at $68.00 at the beginning of 2023. Since then, SIG stock has decreased by 11.9% and is now trading at $59.8950.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 7th 2023.
View our SIG earnings forecast.

Signet Jewelers Limited (NYSE:SIG) issued its earnings results on Thursday, June, 8th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.29. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. Signet Jewelers had a trailing twelve-month return on equity of 40.57% and a net margin of 7.27%. Signet Jewelers's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.86 earnings per share.

Signet Jewelers announced a quarterly dividend on Thursday, June 8th. Stockholders of record on Friday, July 28th will be paid a dividend of $0.23 per share on Friday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, July 27th.
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), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Quality ETF (XSHQ), SPDR S&P Retail ETF (XRT), 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 1.48%. 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 9.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIG will have a dividend payout ratio of 7.65% 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 second quarter 2024 earnings guidance on Thursday, June, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.53 billion-$1.58 billion, compared to the consensus revenue estimate of $1.75 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 variety of institutional and retail investors. Top institutional shareholders include Select Equity Group L.P. (19.56%), BlackRock Inc. (17.06%), Dimensional Fund Advisors LP (5.17%), Victory Capital Management Inc. (4.41%), State Street Corp (4.09%) and GMT Capital Corp (2.27%). 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 $59.90.

Signet Jewelers (NYSE:SIG) has a market capitalization of $2.71 billion and generates $7.84 billion in revenue each year. The company earns $376.70 million in net income (profit) each year or $9.99 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.