Signet Jewelers (NYSE:SIG) Rating Lowered to Buy at Wall Street Zen

by · The Cerbat Gem

Signet Jewelers (NYSE:SIG – Get Free Report) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Several other analysts have also recently commented on SIG. Stephens initiated coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target for the company. The Goldman Sachs Group started coverage on shares of Signet Jewelers in a research report on Thursday, December 11th. They issued a “neutral” rating and a $96.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Finally, UBS Group restated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

View Our Latest Analysis on Signet Jewelers

Signet Jewelers Stock Up 3.9%

SIG opened at $89.50 on Friday. The firm has a market capitalization of $3.64 billion, a P/E ratio of 26.72, a PEG ratio of 1.05 and a beta of 1.18. The stock has a fifty day moving average of $92.61 and a 200-day moving average of $89.77. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $110.20.

Signet Jewelers (NYSE:SIG – Get Free Report) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.47. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. Signet Jewelers’s quarterly revenue was up 3.1% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, analysts expect that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new position in Signet Jewelers during the second quarter valued at approximately $29,000. Salomon & Ludwin LLC acquired a new position in Signet Jewelers in the 3rd quarter valued at $31,000. EverSource Wealth Advisors LLC grew its stake in Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after buying an additional 428 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Signet Jewelers in the 3rd quarter worth $64,000. Finally, State of Wyoming acquired a new position in Signet Jewelers during the 2nd quarter worth $69,000.

About Signet Jewelers

(Get Free Report)

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.

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