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 research analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday, Marketbeat 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 points to a potential upside of 7.45% from the stock’s current price.

A number of other research firms have also recently issued reports on SIG. Stephens assumed coverage on Signet Jewelers in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price objective for the company. Citigroup increased their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Bank of America lifted their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company upped their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.25.

Signet Jewelers Price Performance

Shares of SIG stock opened at $89.35 on Tuesday. The company has a fifty day moving average price of $98.98 and a two-hundred day moving average price of $87.49. Signet Jewelers has a one year low of $45.55 and a one year high of $110.20. The stock has a market cap of $3.66 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.11 and a beta of 1.12.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $0.25 EPS. Signet Jewelers’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 will post 8.73 EPS for the current fiscal year.

Institutional Trading of Signet Jewelers

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Signet Jewelers by 175.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock worth $107,963,000 after purchasing an additional 1,183,214 shares in the last quarter. Hood River Capital Management LLC acquired a new position in Signet Jewelers in the second quarter valued at about $56,537,000. Arrowstreet Capital Limited Partnership lifted its position in Signet Jewelers by 321.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock worth $68,554,000 after purchasing an additional 657,444 shares during the period. Divisadero Street Capital Management LP acquired a new stake in Signet Jewelers during the second quarter worth about $50,342,000. Finally, Bowen Hanes & Co. Inc. bought a new position in Signet Jewelers in the 3rd quarter valued at about $47,837,000.

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.