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

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

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Jefferies Financial Group increased their target price on shares of Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. UBS Group restated a “buy” rating on shares of Signet Jewelers in a report on Wednesday, December 31st. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Finally, Stephens assumed coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock opened at $94.58 on Friday. The company has a market capitalization of $3.85 billion, a P/E ratio of 28.23, a PEG ratio of 1.07 and a beta of 1.28. The business’s fifty day moving average price is $90.04 and its two-hundred day moving average price is $92.61. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $110.20.

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

Institutional Trading of Signet Jewelers

A number of large investors have recently modified their holdings of the business. Invesco Ltd. increased its position in shares of Signet Jewelers by 18.3% in the fourth quarter. Invesco Ltd. now owns 238,776 shares of the company’s stock worth $19,790,000 after purchasing an additional 36,927 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake 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 buying an additional 445 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Signet Jewelers in the 4th quarter worth $221,000. Voloridge Investment Management LLC bought a new position in shares of Signet Jewelers in the 4th quarter worth $17,923,000. Finally, Summit Street Capital Management LLC raised its position in shares of Signet Jewelers by 3.2% during the 4th quarter. Summit Street Capital Management LLC now owns 272,607 shares of the company’s stock valued at $22,594,000 after buying an additional 8,553 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.