Signet Jewelers (NYSE:SIG) Stock Rating Upgraded by Wall Street Zen

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

SIG has been the subject of several other reports. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Jefferies Financial Group increased their price target on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Stephens assumed coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target on the stock. Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Finally, Wells Fargo & Company cut their target price on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Stock Performance

NYSE:SIG opened at $90.08 on Friday. 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 PE ratio of 26.89, a P/E/G ratio of 0.98 and a beta of 1.28. The stock has a 50 day moving average price of $89.32 and a 200 day moving average price of $91.65.

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, topping analysts’ consensus estimates 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 analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’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. As a group, analysts predict that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors and hedge funds have recently modified their holdings of SIG. Salomon & Ludwin LLC acquired a new position in Signet Jewelers during the 3rd quarter worth about $31,000. Richardson Financial Services Inc. acquired a new stake in shares of Signet Jewelers during the fourth quarter worth about $31,000. Farther Finance Advisors LLC lifted its position 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 purchasing an additional 124 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Signet Jewelers in the fourth quarter valued at approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after purchasing an additional 333 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.