Signet Jewelers (NYSE:SIG) Rating Increased to Buy at Wall Street Zen

Key Points

• Signet Jewelers has been upgraded to a "buy" rating by Wall Street Zen, reflecting increasing optimism among analysts about its future performance.
• Several firms, including Jefferies and Citigroup, have raised their price targets for Signet, with Citigroup increasing it to $110.00.
• Signet reported $1.61 EPS for its last quarter, exceeding expectations and indicating a 3% revenue growth compared to the same period last year.

Wall Street Zen upgraded shares of Signet Jewelers (NYSE:SIG - Free Report) from a hold rating to a buy rating in a research report sent to investors on Friday.

Several other research analysts also recently issued reports on SIG. Telsey Advisory Group reiterated a "market perform" rating and set a $92.00 price target on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Bank of America upped their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Citigroup upped their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. UBS Group upped their price target on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Signet Jewelers currently has a consensus rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Price Performance

Shares of SIG traded up $1.55 during trading hours on Friday, hitting $93.05. The stock had a trading volume of 631,287 shares, compared to its average volume of 1,104,858. The company's fifty day moving average is $83.36 and its two-hundred day moving average is $70.15. Signet Jewelers has a 52 week low of $45.55 and a 52 week high of $106.28. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 1.04 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The firm's quarterly revenue 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. Equities analysts predict that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, October 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Signet Jewelers's dividend payout ratio is presently 42.95%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group lifted its position in Signet Jewelers by 42,700.0% during the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after purchasing an additional 427 shares during the period. Allworth Financial LP lifted its position in Signet Jewelers by 946.8% during the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after purchasing an additional 445 shares during the period. Ameritas Advisory Services LLC acquired a new position in Signet Jewelers during the 2nd quarter valued at about $29,000. Headlands Technologies LLC acquired a new position in Signet Jewelers during the 1st quarter valued at about $36,000. Finally, Versant Capital Management Inc lifted its position in Signet Jewelers by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after purchasing an additional 223 shares during the period.

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.