Signet Jewelers - SIG Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Signet Jewelers in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SIG shares.
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4 Wall Street analysts have issued twelve-month price targets for Signet Jewelers' shares. Their SIG share price forecasts range from $65.00 to $120.00. On average, they predict the company's share price to reach $90.50 in the next year. This suggests a possible upside of 56.5% from the stock's current price.
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Signet Jewelers' stock was trading at $87.03 on January 1st, 2022. Since then, SIG stock has decreased by 33.6% and is now trading at $57.83.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 6th 2022.
View our SIG earnings forecast.

Signet Jewelers will be holding an earnings conference call on Tuesday, December 6th 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, December, 2nd. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.71. The firm earned $1.54 billion during the quarter, compared to analyst estimates of $1.43 billion. Signet Jewelers had a net margin of 5.90% and a trailing twelve-month return on equity of 49.72%. The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS.

Signet Jewelers announced a quarterly dividend on Tuesday, August 30th. Shareholders of record on Friday, October 28th will be given 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 1.38%. 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 1.30%. 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 issued an update on its third quarter 2023 earnings guidance on Thursday, September, 29th. The company provided 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."

Signet Jewelers' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.30%), Vanguard Group Inc. (11.80%), Dimensional Fund Advisors LP (5.17%), Victory Capital Management Inc. (3.60%), State Street Corp (3.59%) and Bank of New York Mellon Corp (1.06%). 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 $57.83.

Signet Jewelers (NYSE:SIG) has a market capitalization of $2.67 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.