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

Signet Jewelers Limited (NYSE:SIG) has received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $109.6667.

A number of research firms have commented on SIG. Wall Street Zen upgraded shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Zacks Research raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Wells Fargo & Company lowered their price objective on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd.

Hedge Funds Weigh In On Signet Jewelers

A number of large investors have recently bought and sold shares of the business. Hood River Capital Management LLC bought a new position in shares of Signet Jewelers during the second quarter valued at approximately $56,537,000. Arrowstreet Capital Limited Partnership boosted its position in Signet Jewelers by 321.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock valued at $68,554,000 after purchasing an additional 657,444 shares during the period. Divisadero Street Capital Management LP bought a new position in Signet Jewelers during the 2nd quarter worth $50,342,000. Bowen Hanes & Co. Inc. bought a new position in Signet Jewelers during the 3rd quarter worth $47,837,000. Finally, LSV Asset Management increased its position in Signet Jewelers by 263.4% in the third quarter. LSV Asset Management now owns 567,300 shares of the company’s stock worth $54,415,000 after buying an additional 411,200 shares during the period.

Signet Jewelers Price Performance

NYSE:SIG opened at $91.82 on Friday. The firm has a 50-day moving average of $89.64 and a two-hundred day moving average of $90.86. The stock has a market cap of $3.74 billion, a P/E ratio of 27.41, a PEG ratio of 1.11 and a beta of 1.18. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $110.20.

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

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, January 23rd. Signet Jewelers’s dividend payout ratio is currently 38.21%.

About Signet Jewelers

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.