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

Telsey Advisory Group restated their market perform rating on shares of Signet Jewelers (NYSE:SIG) in a report published on Wednesday morning, MarketBeat reports. The brokerage currently has a $55.00 price target 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.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company cut their target price on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Bank of America lowered their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus price target of $81.60.

Signet Jewelers Trading Up 3.8 %

NYSE SIG opened at $58.46 on Wednesday. The company has a 50-day moving average of $54.52 and a 200-day moving average of $78.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. Signet Jewelers has a 12 month low of $45.55 and a 12 month high of $112.06. The company has a market cap of $2.54 billion, a P/E ratio of 6.73, a P/E/G ratio of 3.43 and a beta of 2.20.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company earned $6.73 EPS. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, equities analysts predict that Signet Jewelers will post 8.73 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be given a dividend of $0.32 per share. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, April 25th. Signet Jewelers’s dividend payout ratio is currently 13.35%.

Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 in the company, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.26% of the company’s stock.

Institutional Trading of Signet Jewelers

Several hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in Signet Jewelers by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company’s stock valued at $57,000 after buying an additional 421 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Signet Jewelers in the 3rd quarter worth approximately $77,000. Sterling Capital Management LLC lifted its stake in Signet Jewelers by 832.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock valued at $110,000 after purchasing an additional 1,216 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Signet Jewelers by 32.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company’s stock worth $123,000 after buying an additional 410 shares in the last quarter. Finally, KBC Group NV grew its position in Signet Jewelers by 25.5% in the third quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after buying an additional 263 shares during the last quarter.

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.