Signet Jewelers (NYSE:SIG) Share Price Passes Above 200-Day Moving Average – Here’s Why

Signet Jewelers Limited (NYSE:SIG)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $82.42 and traded as high as $103.00. Signet Jewelers shares last traded at $100.76, with a volume of 773,810 shares changing hands.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of research analyst reports. Wall Street Zen upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a report on Friday, September 5th. UBS Group upped their target price on Signet Jewelers from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Telsey Advisory Group reiterated a “market perform” rating and set a $92.00 target price on shares of Signet Jewelers in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.14.

Signet Jewelers Trading Up 3.2%

The company has a market cap of $4.13 billion, a PE ratio of 33.81, a P/E/G ratio of 1.13 and a beta of 1.30. The firm has a 50 day moving average of $96.53 and a two-hundred day moving average of $82.42.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.40. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be paid a $0.32 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Signet Jewelers’s dividend payout ratio is presently 42.95%.

Institutional Trading of Signet Jewelers

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew its stake in shares of Signet Jewelers by 0.4% in the 2nd quarter. US Bancorp DE now owns 30,302 shares of the company’s stock worth $2,411,000 after buying an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Signet Jewelers by 1.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock valued at $1,182,000 after acquiring an additional 124 shares in the last quarter. Yousif Capital Management LLC lifted its position in Signet Jewelers by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 17,220 shares of the company’s stock valued at $1,370,000 after acquiring an additional 133 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Signet Jewelers by 2.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,995 shares of the company’s stock valued at $562,000 after acquiring an additional 150 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Signet Jewelers by 1.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,169 shares of the company’s stock valued at $1,071,000 after acquiring an additional 161 shares in the last quarter.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.