Signet Jewelers Limited (NYSE:SIG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Signet Jewelers Limited (NYSE:SIG) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $109.6667.

SIG has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 3rd. Jefferies Financial Group lifted their price objective on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Telsey Advisory Group reissued a “market perform” rating and set a $96.00 price target (up from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On Signet Jewelers

Institutional investors and hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in Signet Jewelers in the third quarter worth $31,000. Richardson Financial Services Inc. acquired a new position in shares of Signet Jewelers in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC grew its position in shares of Signet Jewelers by 48.6% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers during the fourth quarter worth about $39,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Signet Jewelers by 111.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after acquiring an additional 333 shares during the period.

Signet Jewelers Stock Up 2.8%

SIG opened at $97.17 on Wednesday. The firm’s 50 day moving average is $90.32 and its 200-day moving average is $92.77. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $110.20. The firm has a market capitalization of $3.95 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.04 and a beta of 1.28.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.47. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Equities analysts expect that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 23rd were given a $0.32 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Signet Jewelers’s dividend payout ratio (DPR) is presently 38.21%.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.