Signet Jewelers Limited (NYSE:SIG) Receives $109.67 Average Target Price from Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $109.6667.

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group boosted their target price on shares of Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Wells Fargo & Company decreased their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, UBS Group reissued a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st.

Signet Jewelers Stock Performance

SIG opened at $92.30 on Friday. The company has a market cap of $3.75 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. The stock has a 50-day moving average of $89.59 and a 200-day moving average of $90.94. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $110.20.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.47. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, research analysts predict that Signet Jewelers will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Signet Jewelers’s payout ratio is 38.21%.

Institutional Trading of Signet Jewelers

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moody Aldrich Partners LLC acquired a new position in shares of Signet Jewelers during the fourth quarter valued at about $3,398,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Signet Jewelers by 14.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 28,241 shares of the company’s stock valued at $2,341,000 after acquiring an additional 3,490 shares during the period. M&T Bank Corp acquired a new position in Signet Jewelers in the 4th quarter valued at approximately $374,000. Pictet Asset Management Holding SA lifted its position in shares of Signet Jewelers by 10.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,746 shares of the company’s stock worth $476,000 after acquiring an additional 528 shares during the period. Finally, UBS Group AG grew its holdings in shares of Signet Jewelers by 185.4% during the 4th quarter. UBS Group AG now owns 545,140 shares of the company’s stock worth $45,181,000 after purchasing an additional 354,108 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.