Signet Jewelers (NYSE:SIG) Price Target Raised to $140.00

Key Points

• Citigroup raised Signet Jewelers’ price target to $140 from $120 and maintained a “Buy” rating, implying 42.59% upside from the prior close. The analyst consensus remains “Moderate Buy,” with an average target of $123.11.
• Signet reported adjusted EPS of $2.19, beating the $1.69 consensus, while revenue reached $1.53 billion in line with estimates. The company raised fiscal 2027 adjusted EPS guidance to $10.45–$12.15 and authorized a $125 million share repurchase.
• Despite the stronger outlook, shares fell 4.2% to $98.19 amid profit-taking and concerns over limited revenue growth and value-focused holiday spending. Full-year revenue guidance remained at $6.7 billion–$6.9 billion.

Signet Jewelers (NYSE:SIG - Get Free Report) had its price target upped by equities researchers at Citigroup from $120.00 to $140.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price target would indicate a potential upside of 42.59% from the company's previous close.

SIG has been the topic of a number of other research reports. UBS Group raised their target price on shares of Signet Jewelers from $122.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday. Wells Fargo & Company increased their price target on Signet Jewelers from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Bank of America raised their price target on Signet Jewelers from $102.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday. Telsey Advisory Group restated a "market perform" rating on shares of Signet Jewelers in a research report on Thursday. Finally, Jefferies Financial Group increased their target price on Signet Jewelers from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.11.

Signet Jewelers Trading Down 4.2%

Signet Jewelers stock traded down $4.29 during mid-day trading on Thursday, reaching $98.19. The company's stock had a trading volume of 936,242 shares, compared to its average volume of 879,357. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.86 and a beta of 1.11. The business has a 50 day moving average price of $88.34 and a 200-day moving average price of $87.85. Signet Jewelers has a twelve month low of $71.61 and a twelve month high of $110.20.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.50. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The firm's revenue for the quarter was down .5% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, equities analysts expect that Signet Jewelers will post 10.66 EPS for the current fiscal year.

Institutional Trading of Signet Jewelers

Several hedge funds have recently added to or reduced their stakes in SIG. Royal Bank of Canada lifted its holdings in Signet Jewelers by 87.2% in the first quarter. Royal Bank of Canada now owns 17,564 shares of the company's stock worth $1,020,000 after purchasing an additional 8,183 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company's stock worth $49,333,000 after acquiring an additional 213,365 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Signet Jewelers by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company's stock valued at $7,117,000 after acquiring an additional 10,964 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Signet Jewelers by 55.4% in the second quarter. Prudential Financial Inc. now owns 5,935 shares of the company's stock valued at $472,000 after acquiring an additional 2,116 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Signet Jewelers by 171.2% during the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company's stock valued at $54,000 after acquiring an additional 428 shares during the period.

Trending Headlines about Signet Jewelers

Here are the key news stories impacting Signet Jewelers this week:

• Positive Sentiment: Signet reported adjusted earnings of $2.19 per share, well above the $1.69 consensus estimate and up from $1.61 a year earlier. Revenue of $1.53 billion was in line with expectations. Signet Jewelers Reports Second Quarter Fiscal 2027 Results
• Positive Sentiment: Second-quarter adjusted operating income increased to $107.2 million, with the operating margin expanding to 7.0% from 5.6%. Comparable sales rose 2.2%, supported by growth across fine-jewelry brands and high-single-digit unit growth at higher price points. Signet raises profit outlook on cost discipline
• Positive Sentiment: Signet raised fiscal 2027 adjusted EPS guidance to $10.45-$12.15 from $9.20-$11.00 and forecast adjusted operating income of $535 million-$605 million. The company also authorized a $125 million share repurchase and renewed its Bread Financial credit partnership, which is expected to provide a $200 million-$250 million benefit over 36 months. Signet fiscal 2027 outlook and Bread renewal
• Positive Sentiment: UBS raised its price target to $136 from $122 and upgraded SIG to “Buy,” reinforcing the bullish interpretation of the earnings beat and improved profitability outlook.
• Neutral Sentiment: Stephens reaffirmed its “Overweight” rating, while Wells Fargo raised its target to $100 but maintained an “Equal Weight” rating, indicating that analyst views remain constructive but mixed after the rally.
• Negative Sentiment: Full-year revenue guidance remained at $6.7 billion-$6.9 billion, implying limited top-line growth. Management also cautioned that holiday shoppers may prioritize value as consumers feel financial pressure, potentially restricting growth to select price points. Signet CEO discusses value-focused holiday shopping
• Negative Sentiment: After a sharp post-earnings advance, profit-taking and skepticism about flat sales guidance are likely contributing to the stock’s decline today, despite the stronger earnings outlook.

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.

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