Signet Jewelers (NYSE:SIG) Stock Price Expected to Rise, Citigroup Analyst Says

Signet Jewelers (NYSE:SIG) had its price target raised by Citigroup from $120.00 to $140.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 42.59% from the company’s current price.

A number of other analysts also recently commented on SIG. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Signet Jewelers in a report on Tuesday. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday. Telsey Advisory Group restated a “market perform” rating on shares of Signet Jewelers in a research report on Thursday. Jefferies Financial Group lifted their price target on shares of Signet Jewelers from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $120.00 price objective on shares of Signet Jewelers in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.11.

Signet Jewelers Trading Down 4.2%

SIG stock traded down $4.29 during trading hours on Thursday, hitting $98.19. 936,242 shares of the stock traded hands, compared to its average volume of 879,357. The stock has a 50-day simple moving average of $88.34 and a 200 day simple moving average of $87.85. The company has a market cap of $3.86 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.86 and a beta of 1.11. Signet Jewelers has a one year low of $71.61 and a one year high of $110.20.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.69 by $0.50. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the business earned $1.61 earnings per share. Signet Jewelers’s revenue for the quarter was down .5% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Analysts forecast that Signet Jewelers will post 10.66 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Signet Jewelers by 87.2% during the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock valued at $1,020,000 after acquiring an additional 8,183 shares during the period. Goldman Sachs Group Inc. boosted its stake in Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after purchasing an additional 213,365 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Signet Jewelers by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock worth $7,117,000 after purchasing an additional 10,964 shares during the period. Prudential Financial Inc. grew its position in Signet Jewelers by 55.4% during the 2nd quarter. Prudential Financial Inc. now owns 5,935 shares of the company’s stock worth $472,000 after purchasing an additional 2,116 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after purchasing an additional 428 shares in the last quarter.

Signet Jewelers News Roundup

Here are the key news stories impacting Signet Jewelers this week:

• Positive Sentiment: Signet reported adjusted earnings of $2.19 per share, well above the $1.69 consensus estimate and up from $1.61 a year earlier. Revenue of $1.53 billion was in line with expectations. Signet Jewelers Reports Second Quarter Fiscal 2027 Results
• Positive Sentiment: Second-quarter adjusted operating income increased to $107.2 million, with the operating margin expanding to 7.0% from 5.6%. Comparable sales rose 2.2%, supported by growth across fine-jewelry brands and high-single-digit unit growth at higher price points. Signet raises profit outlook on cost discipline
• Positive Sentiment: Signet raised fiscal 2027 adjusted EPS guidance to $10.45-$12.15 from $9.20-$11.00 and forecast adjusted operating income of $535 million-$605 million. The company also authorized a $125 million share repurchase and renewed its Bread Financial credit partnership, which is expected to provide a $200 million-$250 million benefit over 36 months. Signet fiscal 2027 outlook and Bread renewal
• Positive Sentiment: UBS raised its price target to $136 from $122 and upgraded SIG to “Buy,” reinforcing the bullish interpretation of the earnings beat and improved profitability outlook.
• Neutral Sentiment: Stephens reaffirmed its “Overweight” rating, while Wells Fargo raised its target to $100 but maintained an “Equal Weight” rating, indicating that analyst views remain constructive but mixed after the rally.
• Negative Sentiment: Full-year revenue guidance remained at $6.7 billion-$6.9 billion, implying limited top-line growth. Management also cautioned that holiday shoppers may prioritize value as consumers feel financial pressure, potentially restricting growth to select price points. Signet CEO discusses value-focused holiday shopping
• Negative Sentiment: After a sharp post-earnings advance, profit-taking and skepticism about flat sales guidance are likely contributing to the stock’s decline today, despite the stronger earnings outlook.

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.