Signet Jewelers Limited (NYSE:SIG) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Consensus "Moderate Buy": Eleven brokerages cover Signet Jewelers with a consensus rating of "Moderate Buy" (five hold, five buy, one strong buy) and an average 12‑month price target of $110.
• Shares trade below analyst target: SIG opened at $82.28, below its 50‑ and 200‑day moving averages (~$92 and $93.59) and well under the $110 target, with a 12‑month range of $46.62–$110.20 and a market cap of $3.35 billion.
• Institutional interest and mixed analyst moves: Several large funds (Dimensional, State Street, American Century, LSV, Arrowstreet) raised stakes recently, while analysts showed mixed actions—Goldman Sachs upgraded to strong‑buy as Wells Fargo trimmed its target to $90.

Signet Jewelers Limited (NYSE:SIG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $110.00.

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Signet Jewelers in a report on Wednesday, January 21st. Wells Fargo & Company cut their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Wednesday, December 3rd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $96.00 price target on shares of Signet Jewelers in a research report on Tuesday, March 10th. The Goldman Sachs Group upgraded Signet Jewelers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Signet Jewelers in a research report on Monday, March 9th.

Signet Jewelers Trading Down 1.3%

Shares of SIG stock opened at $82.28 on Friday. Signet Jewelers has a twelve month low of $46.62 and a twelve month high of $110.20. The company's 50-day moving average price is $92.40 and its 200-day moving average price is $93.59. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 0.89 and a beta of 1.25.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in Signet Jewelers by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,392,954 shares of the company's stock valued at $198,328,000 after buying an additional 46,789 shares during the last quarter. State Street Corp boosted its stake in Signet Jewelers by 1.6% during the fourth quarter. State Street Corp now owns 1,688,602 shares of the company's stock worth $139,951,000 after buying an additional 27,379 shares during the period. American Century Companies Inc. increased its position in shares of Signet Jewelers by 12.3% during the third quarter. American Century Companies Inc. now owns 1,592,735 shares of the company's stock valued at $152,775,000 after acquiring an additional 174,873 shares during the last quarter. LSV Asset Management raised its stake in shares of Signet Jewelers by 90.0% in the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company's stock valued at $89,332,000 after acquiring an additional 510,551 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Signet Jewelers by 9.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company's stock valued at $90,613,000 after acquiring an additional 82,899 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.