Signet Jewelers (NYSE:SIG) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Signet Jewelers (NYSE:SIG) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other brokerages have also recently weighed in on SIG. The Goldman Sachs Group raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. Wells Fargo & Company lowered their target price on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Finally, Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Signet Jewelers Trading Up 0.8%

NYSE:SIG opened at $90.08 on Friday. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $110.20. The firm has a market cap of $3.66 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The stock has a fifty day moving average price of $89.32 and a 200 day moving average price of $91.65.

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 the consensus estimate of $0.16 by $0.47. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.Signet Jewelers’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Equities analysts forecast that Signet Jewelers will post 8.73 EPS for the current year.

Hedge Funds Weigh In On Signet Jewelers

Hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in shares of Signet Jewelers during the third quarter worth about $31,000. Richardson Financial Services Inc. purchased a new position in Signet Jewelers during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC grew its stake in Signet Jewelers by 48.6% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers during the fourth quarter worth approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after buying an additional 333 shares during the last quarter.

Signet Jewelers Company Profile

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.