Signet Jewelers (NYSE:SIG) Research Coverage Started at Raymond James Financial

Raymond James Financial began coverage on shares of Signet Jewelers (NYSE:SIG) in a research note released on Thursday, Marketbeat.com reports. The firm issued an outperform rating and a $105.00 target price on the stock.

A number of other research firms have also recently issued reports on SIG. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a research note on Wednesday, June 3rd. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a research report on Friday, May 29th. UBS Group decreased their price objective on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Signet Jewelers Trading Up 1.6%

Shares of SIG stock opened at $91.08 on Thursday. The company has a market capitalization of $3.58 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.96 and a beta of 1.15. The business’s 50 day moving average is $85.57 and its two-hundred day moving average is $88.52. Signet Jewelers has a 12-month low of $71.61 and a 12-month high of $110.20.

Signet Jewelers (NYSE:SIG) last issued 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. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.Signet Jewelers’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, research analysts predict that Signet Jewelers will post 10.65 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be issued a $0.35 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Signet Jewelers’s dividend payout ratio (DPR) is presently 13.46%.

Institutional Investors Weigh In On Signet Jewelers

A number of large investors have recently modified their holdings of SIG. Richardson Financial Services Inc. purchased a new position in shares of Signet Jewelers in the fourth quarter worth about $31,000. Farther Finance Advisors LLC grew its stake in 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 acquiring an additional 124 shares in the last quarter. Parallel Advisors LLC raised its holdings in Signet Jewelers by 101.0% in the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after acquiring an additional 198 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers in the 4th quarter valued at about $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after purchasing an additional 333 shares in the last quarter.

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.