Signet Jewelers (NYSE:SIG) Stock Price Down 5.4% – Should You Sell?

by · The Cerbat Gem

Signet Jewelers Limited (NYSE:SIG – Get Free Report)’s share price fell 5.4% during trading on Tuesday . The company traded as low as $88.20 and last traded at $90.5450. 1,365,327 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 1,197,534 shares. The stock had previously closed at $95.70.

Analyst Upgrades and Downgrades

Several analysts recently commented on SIG shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $92.00 price target on shares of Signet Jewelers in a research report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Stephens initiated coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price for the company. Wall Street Zen raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Bank of America upped their price objective on Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.50.

View Our Latest Stock Report on Signet Jewelers

Signet Jewelers Trading Down 7.2%

The stock has a fifty day simple moving average of $99.10 and a two-hundred day simple moving average of $87.33. The company has a market cap of $3.64 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12.

Signet Jewelers (NYSE:SIG – Get Free Report) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.16 by $0.47. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Institutional Trading of Signet Jewelers

Institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC acquired a new position in Signet Jewelers during the third quarter worth about $31,000. Ameritas Advisory Services LLC acquired a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $29,000. Brooklyn Investment Group increased its stake in 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. Headlands Technologies LLC acquired a new position in Signet Jewelers during the first quarter worth $36,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Signet Jewelers during the third quarter worth $64,000.

Signet Jewelers Company Profile

(Get Free Report)

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.

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