Signet Jewelers (NYSE:SIG) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Signet Jewelers received a "hold (C)" rating from Weiss Ratings alongside several price target upgrades from other analysts, with forecasted targets ranging from $100 to $110.
• The company reported $1.61 EPS for the last quarter, exceeding expectations and showing a revenue increase of 3.0% year-over-year.
• Currently, Signet Jewelers holds a consensus rating of "Moderate Buy" with four analysts recommending "buy" ratings and four giving a "hold" rating.

Signet Jewelers (NYSE:SIG - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company upped their price target on Signet Jewelers from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Thursday. Citigroup upped their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. UBS Group upped their price target on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Bank of America upped their price target on Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.14.

Signet Jewelers Stock Down 0.8%

Shares of SIG opened at $103.71 on Friday. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $110.20. The business has a 50-day simple moving average of $94.13 and a two-hundred day simple moving average of $79.64. The stock has a market cap of $4.25 billion, a PE ratio of 34.80, a PEG ratio of 1.21 and a beta of 1.23.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.40. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, equities research analysts expect that Signet Jewelers will post 8.73 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIG. Mirae Asset Global Investments Co. Ltd. bought a new position in Signet Jewelers in the first quarter worth approximately $2,112,000. Wealth Enhancement Advisory Services LLC bought a new position in Signet Jewelers in the first quarter worth approximately $254,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Signet Jewelers by 56.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company's stock worth $10,494,000 after acquiring an additional 65,234 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Signet Jewelers by 1.4% in the first quarter. Principal Financial Group Inc. now owns 216,455 shares of the company's stock worth $12,567,000 after acquiring an additional 2,920 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Signet Jewelers by 971.4% in the first quarter. GAMMA Investing LLC now owns 2,507 shares of the company's stock worth $146,000 after acquiring an additional 2,273 shares in the last quarter.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.

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