Signet Jewelers (NYSE:SIG) Price Target Raised to $100.00

Signet Jewelers (NYSE:SIG) had its price target increased by Bank of America from $90.00 to $100.00 in a report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also issued reports on the company. Citigroup raised their target price on Signet Jewelers from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. UBS Group raised their target price on Signet Jewelers from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group started coverage on Signet Jewelers in a research report on Monday, June 16th. They set a “buy” rating and a $102.00 target price for the company. Wells Fargo & Company reiterated a “cautious” rating on shares of Signet Jewelers in a report on Tuesday. Finally, Wall Street Zen downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of “Hold” and a consensus price target of $97.71.

Signet Jewelers Stock Up 3.4%

Shares of NYSE:SIG opened at $93.59 on Wednesday. The firm has a market cap of $3.85 billion, a P/E ratio of 31.41, a P/E/G ratio of 1.03 and a beta of 1.18. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $106.28. The business has a fifty day simple moving average of $82.63 and a 200 day simple moving average of $69.08.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.40. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.Signet Jewelers’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. As a group, equities research analysts expect that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 24th will be paid a $0.32 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Signet Jewelers’s dividend payout ratio (DPR) is currently 42.95%.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds have recently added to or reduced their stakes in SIG. Raymond James Financial Inc. acquired a new position in Signet Jewelers during the 4th quarter valued at about $306,000. Hsbc Holdings PLC acquired a new position in Signet Jewelers during the 4th quarter valued at about $255,000. Price T Rowe Associates Inc. MD boosted its stake in Signet Jewelers by 7.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,154 shares of the company’s stock valued at $2,515,000 after purchasing an additional 2,073 shares during the last quarter. Northern Trust Corp boosted its stake in Signet Jewelers by 21.5% during the 4th quarter. Northern Trust Corp now owns 627,389 shares of the company’s stock valued at $50,637,000 after purchasing an additional 110,811 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Signet Jewelers by 57.0% during the 4th quarter. BNP Paribas Financial Markets now owns 63,835 shares of the company’s stock valued at $5,152,000 after purchasing an additional 23,174 shares during the last quarter.

Signet Jewelers Company Profile

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.