Signet Jewelers Limited (NYSE:SIG) Receives $112.88 Average PT from Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG) have received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $112.8750.

SIG has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised Signet Jewelers to a “hold” rating in a research report on Monday, March 30th. Jefferies Financial Group reissued a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Wells Fargo & Company restated a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a report on Friday, May 29th. Finally, UBS Group reduced their target price 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.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors have recently added to or reduced their stakes in SIG. Richardson Financial Services Inc. purchased a new stake in Signet Jewelers during the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its stake in Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the last quarter. Parallel Advisors LLC lifted its stake in Signet Jewelers by 101.0% in the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after buying an additional 198 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Signet Jewelers in the fourth quarter valued at approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after buying an additional 333 shares during the last quarter.

Signet Jewelers Stock Up 4.8%

Shares of SIG opened at $87.65 on Tuesday. Signet Jewelers has a 52-week low of $71.61 and a 52-week high of $110.20. The company has a market capitalization of $3.45 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.92 and a beta of 1.17. The stock has a fifty day simple moving average of $85.71 and a two-hundred day simple moving average of $88.40.

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

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio (DPR) 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.