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

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

A number of other equities analysts have also recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. Stephens initiated coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target for the company. Telsey Advisory Group reissued a “market perform” rating and set a $96.00 price objective (up previously from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Wells Fargo & Company reduced their price objective on 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. Finally, Jefferies Financial Group upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.67.

Signet Jewelers Stock Performance

Shares of SIG opened at $92.30 on Friday. The firm has a market cap of $3.75 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28. Signet Jewelers has a 52 week low of $45.55 and a 52 week high of $110.20. The firm’s 50-day simple moving average is $89.59 and its 200 day simple moving average is $91.12.

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

Institutional Trading of Signet Jewelers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC bought a new stake in Signet Jewelers during the 4th quarter valued at $3,398,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Signet Jewelers by 14.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 28,241 shares of the company’s stock valued at $2,341,000 after buying an additional 3,490 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Signet Jewelers during the fourth quarter valued at about $374,000. Pictet Asset Management Holding SA grew its holdings in shares of Signet Jewelers by 10.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,746 shares of the company’s stock valued at $476,000 after buying an additional 528 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Signet Jewelers by 185.4% during the fourth quarter. UBS Group AG now owns 545,140 shares of the company’s stock worth $45,181,000 after acquiring an additional 354,108 shares in 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.