Signet Jewelers (NYSE:SIG) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Signet Jewelers (NYSE:SIG) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts also recently weighed in on SIG. Jefferies Financial Group increased their price target on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Stephens began coverage on Signet Jewelers in a research note on Tuesday, November 11th. They set an “overweight” rating and a $150.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Finally, Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Stock Down 1.6%

Shares of NYSE:SIG opened at $94.07 on Tuesday. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $110.20. The business has a 50 day moving average of $89.59 and a 200-day moving average of $92.06. The stock has a market cap of $3.83 billion, a PE ratio of 27.93, a P/E/G ratio of 1.05 and a beta of 1.28.

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

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be issued a $0.32 dividend. The ex-dividend date is Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Signet Jewelers’s dividend payout ratio is currently 38.21%.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors have recently added to or reduced their stakes in SIG. Mercer Global Advisors Inc. ADV grew its position in Signet Jewelers by 21.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,548 shares of the company’s stock worth $211,000 after purchasing an additional 445 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Signet Jewelers in the fourth quarter valued at approximately $221,000. Voloridge Investment Management LLC purchased a new stake in shares of Signet Jewelers during the fourth quarter valued at approximately $17,923,000. Summit Street Capital Management LLC increased its position in shares of Signet Jewelers by 3.2% during the fourth quarter. Summit Street Capital Management LLC now owns 272,607 shares of the company’s stock valued at $22,594,000 after acquiring an additional 8,553 shares during the last quarter. Finally, Polymer Capital Management US LLC bought a new position in Signet Jewelers in the 4th quarter valued at $468,000.

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.