Signet Jewelers Limited (NYSE:SIG) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Signet Jewelers Limited (NYSE:SIG) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $125.56.

A number of equities research analysts recently weighed in on the company. Zacks Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd. UBS Group boosted their price objective on Signet Jewelers from $122.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Telsey Advisory Group increased their target price on Signet Jewelers from $96.00 to $105.00 and gave the stock a “market perform” rating in a report on Thursday, September 10th. Raymond James Financial raised their target price on Signet Jewelers from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, September 10th. Finally, The Goldman Sachs Group upped their price target on shares of Signet Jewelers from $96.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th.

Signet Jewelers Stock Up 0.5%

NYSE:SIG opened at $101.12 on Thursday. The firm has a market cap of $3.88 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.10. Signet Jewelers has a 12 month low of $71.61 and a 12 month high of $110.20. The company’s 50-day moving average price is $93.39 and its two-hundred day moving average price is $88.98.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.50. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business posted $1.61 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, research analysts expect that Signet Jewelers will post 11.7 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 23rd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Signet Jewelers’s payout ratio is currently 16.13%.

Hedge Funds Weigh In On Signet Jewelers

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Signet Jewelers by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,451,725 shares of the company’s stock valued at $207,504,000 after purchasing an additional 58,771 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in 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 buying an additional 145,654 shares in the last quarter. Junto Capital Management LP lifted its holdings in Signet Jewelers by 96.3% during the 2nd quarter. Junto Capital Management LP now owns 417,016 shares of the company’s stock worth $35,947,000 after buying an additional 204,596 shares in the last quarter. Pacer Advisors Inc. boosted its position in Signet Jewelers by 7.9% in the 1st quarter. Pacer Advisors Inc. now owns 283,706 shares of the company’s stock valued at $24,013,000 after buying an additional 20,780 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Signet Jewelers by 35.9% in the 1st quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock valued at $22,449,000 after buying an additional 70,110 shares during the last quarter.

About Signet Jewelers

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that operates through a portfolio of branded stores and online platforms. Its businesses sell diamond, bridal and fashion jewelry, watches, gifts and related accessories, while also providing services such as jewelry repair, customization and financing.

The company’s principal retail brands include Kay Jewelers, Zales, Jared, Diamonds Direct, James Allen, Peoples and Banter by Piercing Pagoda. These brands serve customers through a combination of mall-based and off-mall stores, standalone locations, digital commerce platforms and specialty formats, with offerings positioned across a range of price points and shopping occasions.

Signet primarily serves customers in the United States, Canada and the United Kingdom.