Signet Jewelers (NYSE:SIG) Raised to Strong-Buy at Wall Street Zen

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

A number of other brokerages have also weighed in on SIG. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. UBS Group boosted their price objective on Signet Jewelers from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group started coverage on shares of Signet Jewelers in a research report on Thursday, December 11th. They issued a “neutral” rating and a $96.00 price objective on the stock. Citigroup raised their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, Bank of America boosted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Signet Jewelers Trading Down 2.3%

Signet Jewelers stock opened at $85.04 on Friday. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $110.20. The firm has a market capitalization of $3.46 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.06 and a beta of 1.12. The firm’s 50 day simple moving average is $94.95 and its 200 day simple moving average is $89.44.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.16 by $0.47. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Research analysts forecast that Signet Jewelers will post 8.73 earnings per share for the current year.

Hedge Funds Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently made changes to their positions in SIG. US Bancorp DE lifted its stake in Signet Jewelers by 0.4% in the second quarter. US Bancorp DE now owns 30,302 shares of the company’s stock worth $2,411,000 after purchasing an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Signet Jewelers by 1.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock worth $1,182,000 after buying an additional 124 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Signet Jewelers by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 17,220 shares of the company’s stock valued at $1,370,000 after acquiring an additional 133 shares during the last quarter. Amundi lifted its stake in shares of Signet Jewelers by 1.9% in the 3rd quarter. Amundi now owns 7,358 shares of the company’s stock valued at $689,000 after acquiring an additional 140 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Signet Jewelers by 2.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,995 shares of the company’s stock valued at $562,000 after acquiring an additional 150 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.