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

Key Points

• Signet Jewelers has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, indicating a shift in investor sentiment regarding the company's stock performance.
• Multiple analysts have varying opinions on Signet's stock, with price targets ranging from $75.00 to $100.00, suggesting a generally mixed outlook.
• Despite the downgrade, Signet reported a quarterly EPS of $1.18, exceeding consensus estimates, and saw a 2% increase in revenue compared to the same period last year.

Signet Jewelers (NYSE:SIG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research firms have also issued reports on SIG. CL King assumed coverage on Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 price target on the stock. UBS Group lifted their price objective on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Citigroup lifted their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company raised their price target on Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Finally, Jefferies Financial Group started coverage on Signet Jewelers in a report on Monday, June 16th. They issued a "buy" rating and a $102.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $88.86.

Signet Jewelers Stock Down 3.7%

SIG stock traded down $3.1450 on Friday, reaching $80.7850. 427,039 shares of the company's stock were exchanged, compared to its average volume of 1,346,274. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $106.28. The stock has a fifty day moving average of $80.63 and a 200-day moving average of $66.08. The firm has a market cap of $3.32 billion, a PE ratio of 87.77, a P/E/G ratio of 0.74 and a beta of 1.40.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.17. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business earned $1.11 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. On average, equities research analysts predict that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors and hedge funds have recently modified their holdings of SIG. Anomaly Capital Management LP raised its position in shares of Signet Jewelers by 862.5% during the fourth quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock worth $142,253,000 after purchasing an additional 1,579,410 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Signet Jewelers by 175.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock worth $107,963,000 after purchasing an additional 1,183,214 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of Signet Jewelers during the second quarter worth $56,537,000. Arrowstreet Capital Limited Partnership raised its position in shares of Signet Jewelers by 321.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company's stock worth $68,554,000 after purchasing an additional 657,444 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Signet Jewelers during the second quarter worth $50,342,000.

About Signet Jewelers

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.