Signet Jewelers (NYSE:SIG) Cut to “Buy” at Wall Street Zen

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

Other equities analysts have also issued research reports about the company. Wells Fargo & Company reduced their price objective on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Stephens initiated coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price on the stock. The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Jefferies Financial Group boosted their price target on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Signet Jewelers currently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Trading Up 2.8%

Shares of NYSE:SIG opened at $97.17 on Friday. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $110.20. The company has a market cap of $3.95 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28. The company’s 50 day moving average is $90.32 and its 200 day moving average is $92.77.

Signet Jewelers (NYSE:SIG) last announced 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. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Equities research analysts predict that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, January 23rd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, January 23rd. Signet Jewelers’s dividend payout ratio (DPR) is presently 38.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new position in shares of Signet Jewelers during the third quarter valued at approximately $31,000. Richardson Financial Services Inc. purchased a new stake in shares of Signet Jewelers during the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC raised its stake in Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after purchasing an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers in the 4th quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after purchasing an additional 333 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.