Signet Jewelers (NYSE:SIG) Trading Down 5.4% – Time to Sell?

Signet Jewelers Limited (NYSE:SIG)’s share price was down 5.4% during mid-day trading on Tuesday . The company traded as low as $88.20 and last traded at $90.5450. Approximately 1,365,327 shares were traded during trading, an increase of 14% from the average daily volume of 1,197,534 shares. The stock had previously closed at $95.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SIG shares. UBS Group boosted their target price on Signet Jewelers from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company lowered their price objective on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Wall Street Zen raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Telsey Advisory Group reissued a “market perform” rating and set a $96.00 price target (up previously from $92.00) on shares of Signet Jewelers in a report on Tuesday. Finally, Bank of America upped their price target on Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and an average price target of $105.38.

Signet Jewelers Price Performance

The firm’s 50 day moving average price is $98.62 and its 200 day moving average price is $87.49. The stock has a market capitalization of $3.48 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.00 and a beta of 1.12.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) 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%.Signet Jewelers’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, equities research analysts forecast that Signet Jewelers Limited 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. Stockholders 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 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s payout ratio is currently 42.95%.

Institutional Investors Weigh In On Signet Jewelers

Several hedge funds have recently modified their holdings of SIG. Vanguard Group Inc. boosted its holdings in shares of Signet Jewelers by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company’s stock valued at $302,258,000 after acquiring an additional 389,852 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Signet Jewelers by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock valued at $225,046,000 after purchasing an additional 43,925 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Signet Jewelers by 175.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock worth $107,963,000 after acquiring an additional 1,183,214 shares during the period. American Century Companies Inc. raised its stake in shares of Signet Jewelers by 12.3% in the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock valued at $152,775,000 after acquiring an additional 174,873 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Signet Jewelers by 9.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock valued at $90,613,000 after buying an additional 82,899 shares during the period.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.