Analysts Set Signet Jewelers Limited (NYSE:SIG) PT at $112.88

Shares of Signet Jewelers Limited (NYSE:SIG) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $112.8750.

Several brokerages have recently issued reports on SIG. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research report on Monday, July 6th. Citigroup lifted their price target on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada raised Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. UBS Group decreased their price objective on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a research note on Friday, May 29th.

Institutional Trading of Signet Jewelers

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Signet Jewelers by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,451,725 shares of the company’s stock valued at $207,504,000 after acquiring an additional 58,771 shares during the last quarter. State Street Corp lifted its holdings in shares of Signet Jewelers by 1.6% in the 4th quarter. State Street Corp now owns 1,688,602 shares of the company’s stock worth $139,951,000 after acquiring an additional 27,379 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Signet Jewelers by 90.0% in the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock worth $89,332,000 after acquiring an additional 510,551 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Signet Jewelers by 16.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,015,230 shares of the company’s stock worth $85,929,000 after purchasing an additional 145,654 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after purchasing an additional 213,365 shares during the period.

Signet Jewelers Stock Performance

Shares of SIG opened at $90.74 on Friday. The stock has a market capitalization of $3.57 billion, a PE ratio of 12.73, a P/E/G ratio of 0.95 and a beta of 1.15. The company’s fifty day moving average is $85.04 and its 200 day moving average is $88.47. Signet Jewelers has a fifty-two week low of $71.61 and a fifty-two week high of $110.20.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business earned $1.18 earnings per share. Signet Jewelers’s quarterly revenue was up .8% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, research analysts forecast that Signet Jewelers will post 10.57 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is presently 13.46%.

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.