Signet Jewelers (NYSE:SIG) Upgraded by Zacks Research to “Strong-Buy” Rating

Signet Jewelers (NYSE:SIG) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on SIG. UBS Group restated a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Jefferies Financial Group raised their target price on shares of Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Stephens initiated coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. One equities research 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. Based on data from MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus price target of $109.67.

Signet Jewelers Trading Down 1.9%

Shares of SIG opened at $93.40 on Monday. The company’s 50 day simple moving average is $90.55 and its 200-day simple moving average is $90.47. The firm has a market cap of $3.80 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $110.20.

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. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. Signet Jewelers’s revenue for the quarter was up 3.1% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, equities research analysts forecast that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Diversified Trust Co. increased its holdings in Signet Jewelers by 4.2% in the fourth quarter. Diversified Trust Co. now owns 14,458 shares of the company’s stock valued at $1,198,000 after buying an additional 581 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Signet Jewelers by 212.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock worth $48,016,000 after acquiring an additional 340,228 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Signet Jewelers in the 3rd quarter valued at approximately $410,000. Danske Bank A S purchased a new position in Signet Jewelers in the 3rd quarter valued at approximately $879,000. Finally, Castleark Management LLC raised its holdings in Signet Jewelers by 3.9% during the third quarter. Castleark Management LLC now owns 86,758 shares of the company’s stock worth $8,322,000 after purchasing an additional 3,218 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.