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

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

A number of other research firms have also weighed in on SIG. 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 report on Wednesday, December 10th. Stephens initiated coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price objective on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. UBS Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Wednesday, December 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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 company has a market capitalization of $3.75 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. The company has a fifty day moving average of $89.59 and a 200-day moving average of $90.94.

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. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.25 EPS. Signet Jewelers’s revenue for the quarter 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 EPS for the current fiscal year.

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new position in shares of Signet Jewelers during the 2nd quarter worth approximately $29,000. Salomon & Ludwin LLC acquired a new position in shares of Signet Jewelers during the 3rd quarter valued at $31,000. Richardson Financial Services Inc. acquired a new position in shares of Signet Jewelers during the 4th quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after purchasing an additional 428 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.