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

Signet Jewelers Limited (NYSE:SIG) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $109.6667.

Several analysts recently commented on the company. Jefferies Financial Group boosted their price target on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday. UBS Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Wednesday, December 31st. The Goldman Sachs Group raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th.

Hedge Funds Weigh In On Signet Jewelers

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

Signet Jewelers Stock Down 2.8%

NYSE:SIG opened at $89.82 on Friday. The firm has a market capitalization of $3.65 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.13 and a beta of 1.18. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $110.20. The firm has a 50-day moving average price of $89.88 and a 200 day moving average price of $90.57.

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

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, January 23rd. Signet Jewelers’s payout ratio 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.