Signet Jewelers (NYSE:SIG) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Signet Jewelers (NYSE:SIG) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

A number of other analysts have also recently commented on SIG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. The Goldman Sachs Group began coverage on shares of Signet Jewelers in a report on Thursday, December 11th. They set a “neutral” rating and a $96.00 target price for the company. Stephens began coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price objective for the company. Jefferies Financial Group boosted their target price on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Wells Fargo & Company cut their price target on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Signet Jewelers Stock Performance

NYSE:SIG opened at $95.15 on Friday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.16 and a beta of 1.18. The company’s 50-day simple moving average is $90.87 and its 200-day simple moving average is $90.28. Signet Jewelers has a fifty-two week low of $45.55 and a fifty-two week high of $110.20.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 EPS 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 firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’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. On average, research analysts forecast that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 23rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Signet Jewelers’s payout ratio is presently 38.21%.

Hedge Funds Weigh In On Signet Jewelers

Several institutional investors have recently bought and sold shares of SIG. US Bancorp DE raised its holdings in Signet Jewelers by 0.4% in the second quarter. US Bancorp DE now owns 30,302 shares of the company’s stock valued at $2,411,000 after acquiring an additional 121 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Signet Jewelers by 1.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock worth $1,182,000 after acquiring an additional 124 shares in the last quarter. Yousif Capital Management LLC increased its stake in Signet Jewelers by 0.8% in the second quarter. Yousif Capital Management LLC now owns 17,220 shares of the company’s stock valued at $1,370,000 after purchasing an additional 133 shares during the last quarter. Amundi raised its holdings in Signet Jewelers by 1.9% during the third quarter. Amundi now owns 7,358 shares of the company’s stock worth $689,000 after purchasing an additional 140 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Signet Jewelers by 2.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,995 shares of the company’s stock worth $562,000 after buying an additional 150 shares during the last quarter.

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.