Signet Jewelers (NYSE:SIG) Price Target Raised to $110.00 at UBS Group

Signet Jewelers (NYSE:SIG) had its price target raised by UBS Group from $95.00 to $110.00 in a report published on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. Bank of America lifted their price target on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Jefferies Financial Group assumed coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They set a “buy” rating and a $102.00 price target for the company. Wall Street Zen cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Wells Fargo & Company reaffirmed a “cautious” rating on shares of Signet Jewelers in a research note on Tuesday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $92.00 price target on shares of Signet Jewelers in a research note on Tuesday. Four equities research 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. According to data from MarketBeat.com, Signet Jewelers currently has an average rating of “Hold” and a consensus target price of $97.71.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $93.59 on Wednesday. The company 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. The firm’s fifty day moving average is $82.63 and its two-hundred day moving average is $69.08. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $106.28.

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

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers’s payout ratio is 42.95%.

Institutional Investors Weigh In On Signet Jewelers

Large investors have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in shares of Signet Jewelers in the 2nd quarter valued at about $29,000. Brooklyn Investment Group raised its holdings in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock valued at $25,000 after purchasing an additional 427 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company’s stock valued at $29,000 after purchasing an additional 445 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Signet Jewelers in the 1st quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after acquiring an additional 428 shares in 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.