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.
View SIG analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 1-year target prices for Signet Jewelers' stock. Their SIG share price forecasts range from $65.00 to $120.00. On average, they anticipate the company's share price to reach $90.00 in the next twelve months. This suggests a possible upside of 61.0% 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 $87.03 at the beginning of the year. Since then, SIG stock has decreased by 35.8% and is now trading at $55.90.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our SIG earnings forecast.

Signet Jewelers Limited (NYSE:SIG) announced its earnings results on Thursday, September, 1st. The company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.14. The business earned $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Signet Jewelers had a net margin of 5.90% and a trailing twelve-month return on equity of 49.72%. Signet Jewelers's revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $3.57 earnings per share.

Signet Jewelers declared a quarterly dividend on Tuesday, August 30th. Stockholders of record on Friday, October 28th will be paid a dividend of $0.20 per share on Friday, November 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, October 27th.
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 1.41%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIG will have a dividend payout ratio of 7.53% 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 2023 earnings guidance on Thursday, September, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.46 billion-$1.49 billion, compared to the consensus revenue estimate of $1.47 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."

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 $55.90.

Signet Jewelers (NYSE:SIG) has a market capitalization of $2.58 billion and generates $7.83 billion in revenue each year. The company earns $769.90 million in net income (profit) each year or $7.05 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.