Signet Jewelers (NYSE:SIG) Cut to Hold at Zacks Research

Zacks Research lowered shares of Signet Jewelers (NYSE:SIG) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on SIG. Stephens assumed coverage on Signet Jewelers in a report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price for the company. UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Jefferies Financial Group upped their price objective on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wall Street Zen raised Signet Jewelers from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock opened at $95.09 on Tuesday. Signet Jewelers has a fifty-two week low of $45.55 and a fifty-two week high of $110.20. The firm has a market capitalization of $3.87 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.04 and a beta of 1.28. The company’s 50 day moving average price is $89.67 and its two-hundred day moving average price is $92.08.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, beating 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 for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, analysts expect that Signet Jewelers will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, January 23rd. Signet Jewelers’s dividend payout ratio (DPR) is currently 38.21%.

Institutional Trading of Signet Jewelers

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Signet Jewelers by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,392,954 shares of the company’s stock worth $198,328,000 after buying an additional 46,789 shares during the period. State Street Corp grew its holdings in Signet Jewelers by 1.6% during the fourth quarter. State Street Corp now owns 1,688,602 shares of the company’s stock valued at $139,951,000 after purchasing an additional 27,379 shares during the period. American Century Companies Inc. raised its position in shares of Signet Jewelers by 12.3% during the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock valued at $152,775,000 after purchasing an additional 174,873 shares during the period. LSV Asset Management lifted its holdings in Signet Jewelers by 90.0% in the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock worth $89,332,000 after purchasing an additional 510,551 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Signet Jewelers by 9.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock worth $90,613,000 after purchasing an additional 82,899 shares in 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.