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

Signet Jewelers (NYSE:SIG) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Several other brokerages have also issued reports on SIG. UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Wells Fargo & Company decreased 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. Jefferies Financial Group upped their target price on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, January 21st. Finally, Stephens started coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five 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 an average target price of $109.67.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $98.01 on Friday. The firm has a market cap of $3.99 billion, a PE ratio of 29.26, a P/E/G ratio of 1.07 and a beta of 1.28. The business’s 50 day simple moving average is $89.88 and its 200 day simple moving average is $92.35. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $110.20.

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. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business earned $0.25 EPS. The business’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. As a group, equities research analysts predict that Signet Jewelers will post 8.73 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of Signet Jewelers by 87.2% in the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock valued at $1,020,000 after buying an additional 8,183 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Signet Jewelers by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after acquiring an additional 213,365 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Signet Jewelers by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after buying an additional 10,964 shares during the period. Nisa Investment Advisors LLC increased its holdings in Signet Jewelers by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 11,008 shares of the company’s stock worth $876,000 after purchasing an additional 224 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Signet Jewelers in the second quarter worth $599,000.

About Signet Jewelers

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.