Telsey Advisory Group Reaffirms Market Perform Rating for Signet Jewelers (NYSE:SIG)

Telsey Advisory Group reissued their market perform rating on shares of Signet Jewelers (NYSE:SIG - Free Report) in a research report released on Wednesday morning, MarketBeat.com reports. The firm currently has a $55.00 target price on the stock. Telsey Advisory Group also issued estimates for Signet Jewelers' Q1 2026 earnings at $1.08 EPS, Q1 2026 earnings at $1.02 EPS, Q2 2026 earnings at $1.14 EPS, Q4 2026 earnings at $6.32 EPS, Q4 2026 earnings at $6.27 EPS and FY2026 earnings at $8.69 EPS.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company decreased their price target on shares of Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Bank of America cut their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $81.60.

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Signet Jewelers Stock Up 3.8 %

Shares of NYSE:SIG traded up $2.16 during midday trading on Wednesday, hitting $58.46. 5,993,726 shares of the company's stock were exchanged, compared to its average volume of 1,063,586. Signet Jewelers has a 12 month low of $45.55 and a 12 month high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The stock has a 50 day moving average price of $54.52 and a 200-day moving average price of $78.29. The company has a market cap of $2.54 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating analysts' consensus estimates of $6.39 by $0.23. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company's revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.73 EPS. On average, sell-side analysts anticipate that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be issued a $0.32 dividend. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, April 25th. Signet Jewelers's dividend payout ratio (DPR) is currently -168.42%.

Insider Buying and Selling

In other news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the transaction, the director now directly owns 22,752 shares of the company's stock, valued at $1,231,565.76. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Signet Jewelers

A number of large investors have recently modified their holdings of SIG. Dimensional Fund Advisors LP boosted its position in shares of Signet Jewelers by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,550,233 shares of the company's stock valued at $205,830,000 after acquiring an additional 139,109 shares during the last quarter. Cooper Creek Partners Management LLC increased its stake in shares of Signet Jewelers by 1,046.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock worth $152,495,000 after buying an additional 1,724,592 shares during the period. Anomaly Capital Management LP increased its stake in shares of Signet Jewelers by 862.5% during the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after buying an additional 1,579,410 shares during the period. State Street Corp increased its stake in Signet Jewelers by 1.0% in the third quarter. State Street Corp now owns 1,756,075 shares of the company's stock valued at $181,122,000 after purchasing an additional 16,912 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Signet Jewelers by 18.9% in the fourth quarter. American Century Companies Inc. now owns 1,150,441 shares of the company's stock valued at $92,852,000 after purchasing an additional 182,948 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.