Signet Jewelers Limited (NYSE:SIG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Signet Jewelers Limited (NYSE:SIG) have earned an average rating of “Hold” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $125.5556.

Several research analysts have commented on the company. Citigroup raised their price objective on Signet Jewelers from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America increased their price target on Signet Jewelers from $102.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group raised their price target on Signet Jewelers from $96.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday. Telsey Advisory Group lifted their price objective on Signet Jewelers from $96.00 to $105.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Weiss Ratings raised shares of Signet Jewelers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday.

More Signet Jewelers News

Here are the key news stories impacting Signet Jewelers this week:

• Positive Sentiment: Earnings beat and higher guidance: Signet reported adjusted earnings per share of $2.19, well above the $1.69 analyst consensus, while revenue of $1.53 billion was broadly in line with expectations. Management raised its fiscal 2027 outlook and forecast adjusted operating income of $535 million to $605 million. Signet Jewelers Q2 earnings and guidance
• Positive Sentiment: Margin and cost improvements support the outlook: The earnings surprise reflected better margins and ongoing benefits from the company’s Bread Financial renewal, which Signet expects to generate $200 million to $250 million over 36 months. Analysts highlighted the results as evidence of a potentially stronger second half for jewelry demand. Signet raises guidance
• Positive Sentiment: More bullish analyst targets: Citigroup raised its price target to $140 and UBS increased its target to $136; both firms assigned “buy” ratings. Stephens also reaffirmed its “overweight” rating, reinforcing the positive reaction to Signet’s results.
• Positive Sentiment: Kay Jewelers rebrand: Kay launched what it describes as the largest rebrand in its history, aimed at modernizing the customer experience and strengthening Signet’s most important banner. The initiative could support longer-term sales and brand relevance. Kay Jewelers rebrand
• Neutral Sentiment: Income return: Signet declared a quarterly dividend of $0.35 per share, payable November 20 to shareholders of record October 23, providing a modest shareholder-return component.
• Neutral Sentiment: Analyst caution remains: Bank of America maintained a “hold” rating, and the broader analyst consensus remains “hold,” indicating that some investors see the recent rally and valuation as already reflecting much of the improved outlook. Bank of America rating
• Negative Sentiment: Underlying sales remain mixed: Quarterly revenue declined slightly year over year, and commentary suggested strength is concentrated at particular jewelry price points. That leaves Signet exposed to cautious consumer spending and limits the certainty of a broad-based recovery.

Signet Jewelers Price Performance

SIG stock opened at $99.96 on Friday. The company has a market capitalization of $3.93 billion, a PE ratio of 11.52, a P/E/G ratio of 1.04 and a beta of 1.11. Signet Jewelers has a 12 month low of $71.61 and a 12 month high of $110.20. The firm’s 50-day moving average is $88.94 and its 200 day moving average is $87.93.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, September 9th. The company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.50. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Sell-side analysts forecast that Signet Jewelers will post 11.7 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

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

Hedge Funds Weigh In On Signet Jewelers

Several institutional investors have recently bought and sold shares of SIG. California State Teachers Retirement System raised its stake in shares of Signet Jewelers by 8,406.0% during the 2nd quarter. California State Teachers Retirement System now owns 3,854,002 shares of the company’s stock worth $332,215,000 after acquiring an additional 3,808,693 shares in the last quarter. LSV Asset Management boosted its stake in Signet Jewelers by 90.0% in the fourth quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock valued at $89,332,000 after acquiring an additional 510,551 shares in the last quarter. Clark Capital Management Group Inc. acquired a new stake in Signet Jewelers in the fourth quarter valued at approximately $35,815,000. Victory Capital Management Inc. grew its holdings in Signet Jewelers by 90.7% in the fourth quarter. Victory Capital Management Inc. now owns 639,771 shares of the company’s stock worth $53,024,000 after purchasing an additional 304,288 shares during the last quarter. Finally, Summit Street Capital Management LLC acquired a new position in shares of Signet Jewelers during the third quarter worth $25,328,000.

Signet Jewelers Company Profile

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer serving customers primarily in the United States, Canada and the United Kingdom. The company sells diamond and other fine jewelry, engagement and wedding rings, fashion jewelry, watches, and related accessories through stores and e-commerce platforms.

Signet operates a portfolio of retail banners that includes Kay Jewelers, Zales, Jared, Diamonds Direct, Banter by Piercing Pagoda and Blue Nile. Its offerings span accessible fashion jewelry and personalized products as well as bridal jewelry and higher-end diamond merchandise.