Signet Jewelers (NYSE:SIG) Price Target Raised to $140.00

Signet Jewelers (NYSE:SIG) had its price objective lifted by Citigroup from $120.00 to $140.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Signet Jewelers in a report on Tuesday, September 8th. Telsey Advisory Group upped their price objective on Signet Jewelers from $96.00 to $105.00 and gave the stock a “market perform” rating in a research note on Thursday. Raymond James Financial increased their target price on Signet Jewelers from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group raised their target price on Signet Jewelers from $122.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Zacks Research downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $125.56.

Signet Jewelers Stock Up 2.3%

SIG opened at $99.96 on Thursday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.04 and a beta of 1.11. Signet Jewelers has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The company’s 50-day moving average price is $88.94 and its 200 day moving average price is $87.93.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.50. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company posted $1.61 earnings per share. Signet Jewelers’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. Research analysts anticipate that Signet Jewelers will post 11.7 earnings per share for the current year.

Signet Jewelers Dividend Announcement

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

Institutional Trading of Signet Jewelers

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in Signet Jewelers by 87.2% during the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after acquiring an additional 8,183 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after purchasing an additional 213,365 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Signet Jewelers by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after purchasing an additional 10,964 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Signet Jewelers by 55.4% during the second quarter. Prudential Financial Inc. now owns 5,935 shares of the company’s stock valued at $472,000 after purchasing an additional 2,116 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Signet Jewelers by 171.2% during the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares in the last quarter.

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.

About Signet Jewelers

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.