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

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

A number of other equities research analysts have also weighed in on SIG. Jefferies Financial Group raised their price objective on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. UBS Group reissued a “buy” rating on shares of Signet Jewelers in a report on Wednesday. Wells Fargo & Company decreased 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. Stephens began coverage on Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.67.

Signet Jewelers Stock Performance

Shares of SIG opened at $86.12 on Friday. Signet Jewelers has a 1 year low of $45.55 and a 1 year high of $110.20. The stock has a market capitalization of $3.50 billion, a PE ratio of 25.71, a PEG ratio of 1.05 and a beta of 1.18. The stock has a 50-day simple moving average of $92.89 and a 200-day simple moving average of $89.71.

Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue 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. Analysts predict 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. Investors 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 dividend yield of 1.5%. Signet Jewelers’s dividend payout ratio is 38.21%.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of Signet Jewelers during the second quarter worth approximately $29,000. Salomon & Ludwin LLC purchased a new stake in Signet Jewelers in the 3rd quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its stake in Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after purchasing an additional 428 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Signet Jewelers during the 3rd quarter worth $64,000. Finally, State of Wyoming purchased a new position in Signet Jewelers during the 2nd quarter worth $69,000.

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.