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

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

Several other research analysts also recently weighed in on the stock. Zacks Research upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Jefferies Financial Group boosted their target price on shares of Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Stephens assumed coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target on the stock. UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $92.30 on Friday. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $110.20. The business’s 50 day simple moving average is $89.59 and its two-hundred day simple moving average is $90.94. The firm has a market cap of $3.75 billion, a P/E ratio of 27.55, a PEG ratio of 1.12 and a beta of 1.18.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data 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 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 quarter in the previous year, the company posted $0.25 earnings per share. The company’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, equities analysts forecast that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in Signet Jewelers by 0.4% during the second quarter. US Bancorp DE now owns 30,302 shares of the company’s stock valued at $2,411,000 after buying an additional 121 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Signet Jewelers by 1.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock valued at $1,182,000 after acquiring an additional 124 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Signet Jewelers by 48.6% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after acquiring an additional 124 shares during the period. Yousif Capital Management LLC increased its stake in shares of Signet Jewelers by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 17,220 shares of the company’s stock worth $1,370,000 after purchasing an additional 133 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Signet Jewelers by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company’s stock worth $1,727,000 after purchasing an additional 138 shares during the period.

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.