Signet Jewelers (NYSE:SIG) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Signet Jewelers (NYSE:SIG) from a strong-buy rating to a buy rating in a report issued on Saturday.

Several other research firms have also issued reports on SIG. Jefferies Financial Group boosted their price target on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Zacks Research upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. The Goldman Sachs Group raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 price target (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers currently has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Signet Jewelers Price Performance

NYSE:SIG opened at $92.30 on Friday. The company has a market capitalization of $3.75 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.12 and a beta of 1.18. The business has a fifty day simple moving average of $89.59 and a two-hundred day simple moving average of $91.03. 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 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm earned $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. As a group, analysts anticipate that Signet Jewelers will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, January 23rd. Signet Jewelers’s dividend payout ratio is 38.21%.

Hedge Funds Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in shares of Signet Jewelers during the 3rd quarter valued at $31,000. Richardson Financial Services Inc. bought a new position in Signet Jewelers in the fourth quarter valued at $31,000. Ameritas Advisory Services LLC purchased a new stake in Signet Jewelers during the second quarter valued at about $29,000. Farther Finance Advisors LLC lifted its stake in Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Signet Jewelers in the 3rd quarter worth about $64,000.

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.