Signet Jewelers (NYSE:SIG) Lowered to “Buy” Rating by 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 to investors on Sunday.

Several other analysts have also recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. Jefferies Financial Group boosted 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. UBS Group restated a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. Telsey Advisory Group reiterated a “market perform” rating and issued a $96.00 price objective (up previously from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd. Finally, Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and an average target price of $109.67.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $98.01 on Friday. The business has a 50 day simple moving average of $89.88 and a 200 day simple moving average of $92.35. The company has a market capitalization of $3.99 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.28. Signet Jewelers has a one year low of $45.55 and a one year high of $110.20.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.36 billion. During the same period in the prior year, the company posted $0.25 earnings per share. The business’s revenue for the quarter 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. Equities analysts anticipate that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Signet Jewelers

Several large investors have recently bought and sold shares of SIG. CIBC Asset Management Inc raised its holdings in Signet Jewelers by 3.1% during the 4th quarter. CIBC Asset Management Inc now owns 4,072 shares of the company’s stock worth $337,000 after buying an additional 121 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Signet Jewelers by 1.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock worth $1,182,000 after acquiring an additional 124 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after acquiring an additional 124 shares during the period. State of Alaska Department of Revenue lifted its position in 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 valued at $1,727,000 after acquiring an additional 138 shares in the last quarter. Finally, Amundi lifted its position in 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 in the last quarter.

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.