Signet Jewelers (NYSE:SIG) Price Target Raised to $100.00

Key Points

• Wells Fargo & Company has raised the price target for Signet Jewelers from $90 to $100, maintaining an "equal weight" rating despite indicating a potential downside of 3.85% from the current stock price.
• Other firms, including UBS Group and Citigroup, have also boosted their price targets for Signet Jewelers, reflecting a consensus rating of "Moderate Buy" with an average target price of $99.14.
• In its latest earnings report, Signet Jewelers surpassed estimates with $1.61 earnings per share and a revenue of $1.54 billion, indicating a 3.0% year-over-year increase.

Signet Jewelers (NYSE:SIG - Get Free Report) had its price objective raised by equities researchers at Wells Fargo & Company from $90.00 to $100.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential downside of 3.85% from the company's current price.

SIG has been the topic of several other research reports. UBS Group boosted their target price on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Bank of America boosted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Citigroup raised their price objective on Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Signet Jewelers in a research report on Wednesday, October 8th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $92.00 price target on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Signet Jewelers has a consensus rating of "Moderate Buy" and a consensus target price of $99.14.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $104.01 on Thursday. The stock has a fifty day simple moving average of $93.27 and a two-hundred day simple moving average of $78.93. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $110.20. The firm has a market capitalization of $4.26 billion, a PE ratio of 34.90, a PEG ratio of 1.21 and a beta of 1.23.

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

Institutional Investors Weigh In On Signet Jewelers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIG. US Bancorp DE increased its holdings in Signet Jewelers by 0.4% during the 2nd quarter. US Bancorp DE now owns 30,302 shares of the company's stock worth $2,411,000 after purchasing an additional 121 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Signet Jewelers by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 17,220 shares of the company's stock valued at $1,370,000 after purchasing an additional 133 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Signet Jewelers by 1.9% during the second quarter. Quadrant Capital Group LLC now owns 8,696 shares of the company's stock valued at $692,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC increased its holdings in Signet Jewelers by 5.4% during the third quarter. GAMMA Investing LLC now owns 3,271 shares of the company's stock valued at $314,000 after buying an additional 168 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Signet Jewelers by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 11,008 shares of the company's stock worth $876,000 after buying an additional 224 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.