Signet Jewelers (NYSE:SIG) Earns Market Perform Rating from Telsey Advisory Group

Signet Jewelers (NYSE:SIG)‘s stock had its “market perform” rating reissued by equities research analysts at Telsey Advisory Group in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a $96.00 price objective on the stock, up from their prior price objective of $92.00. Telsey Advisory Group’s target price would suggest a potential upside of 7.92% from the company’s current price.

A number of other equities research analysts also recently weighed in on SIG. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Citigroup increased their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Bank of America lifted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Stephens started coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.38.

Signet Jewelers Stock Down 0.3%

Shares of NYSE SIG opened at $88.95 on Tuesday. The company has a market capitalization of $3.64 billion, a PE ratio of 26.55, a P/E/G ratio of 1.03 and a beta of 1.12. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $110.20. The firm has a fifty day simple moving average of $98.82 and a 200 day simple moving average of $87.50.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $0.25 EPS. The business’s 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 analysts expect that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Institutional Trading of Signet Jewelers

Several institutional investors and hedge funds have recently modified their holdings of SIG. Hotchkis & Wiley Capital Management LLC boosted its holdings in Signet Jewelers by 56.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company’s stock worth $10,494,000 after acquiring an additional 65,234 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Signet Jewelers by 1.7% in the second quarter. Nordea Investment Management AB now owns 148,699 shares of the company’s stock valued at $11,828,000 after purchasing an additional 2,487 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Signet Jewelers by 8.1% during the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company’s stock valued at $302,258,000 after purchasing an additional 389,852 shares in the last quarter. Vinva Investment Management Ltd bought a new position in shares of Signet Jewelers during the second quarter valued at about $204,000. Finally, Nuveen LLC purchased a new position in Signet Jewelers during the first quarter worth about $21,646,000.

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.