Signet Jewelers (NYSE:SIG) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has raised its target price for Signet Jewelers' stock from $95.00 to $110.00, indicating a potential upside of 22.48% and maintaining a "buy" rating.
• The stock closed at $89.81 after a decline of 0.7%, despite reporting earnings per share of $1.61 which exceeded estimates.
• Analyst ratings show a mixed outlook with four buy ratings, two hold ratings, and one sell rating, reflecting a consensus target price of $93.14.

Signet Jewelers (NYSE:SIG - Get Free Report) had its target price increased by equities researchers at UBS Group from $95.00 to $110.00 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective indicates a potential upside of 17.54% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Bank of America increased their price target on Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Jefferies Financial Group began coverage on Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 price target for the company. Citigroup raised their price objective on Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $92.00 price target on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Signet Jewelers presently has an average rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Stock Performance

SIG traded up $3.04 on Wednesday, reaching $93.59. 1,196,928 shares of the company's stock were exchanged, compared to its average volume of 1,088,454. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.07 and a beta of 1.18. The company's 50 day moving average is $82.63 and its 200-day moving average is $69.18. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business posted $1.25 earnings per share. The firm's revenue for the quarter 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. Sell-side analysts forecast that Signet Jewelers will post 8.73 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SIG. Vanguard Group Inc. raised its stake in Signet Jewelers by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock valued at $302,258,000 after buying an additional 389,852 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Signet Jewelers by 175.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock valued at $107,963,000 after acquiring an additional 1,183,214 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Signet Jewelers by 5.2% during the 2nd quarter. American Century Companies Inc. now owns 1,417,862 shares of the company's stock valued at $112,791,000 after acquiring an additional 70,516 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Signet Jewelers by 37.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock worth $85,155,000 after buying an additional 286,974 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Signet Jewelers by 321.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company's stock worth $68,554,000 after buying an additional 657,444 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.