Weiss Ratings Reaffirms "Hold (C)" Rating for Signet Jewelers (NYSE:SIG)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Signet Jewelers (NYSE:SIG), indicating a cautious outlook on the stock's performance.
• Analysts have varying ratings, with four recommending a Buy, three a Hold, and one a Sell, while the average price target for the stock is set at $97.71.
• Signet Jewelers reported earnings of $1.61 EPS, surpassing expectations, and experienced a year-over-year revenue increase of 3.0%.

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

A number of other brokerages have also recently weighed in on SIG. Telsey Advisory Group restated a "market perform" rating and issued a $92.00 price objective on shares of Signet Jewelers in a report on Tuesday, September 2nd. UBS Group upped their price objective 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 objective on Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Jefferies Financial Group started 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. Finally, Wall Street Zen raised Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $97.71.

Signet Jewelers Price Performance

Signet Jewelers stock traded up $1.40 during trading hours on Wednesday, reaching $95.08. The company had a trading volume of 586,294 shares, compared to its average volume of 757,866. The company has a 50-day moving average price of $88.40 and a 200 day moving average price of $76.01. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 1.07 and a beta of 1.23. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $106.28.

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

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group raised its position in Signet Jewelers by 42,700.0% during the first 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 raised its position in Signet Jewelers by 946.8% during the first 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 purchased a new stake in Signet Jewelers during the second quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new stake in Signet Jewelers during the first quarter valued at approximately $36,000. Finally, Byrne Asset Management LLC purchased a new stake in Signet Jewelers during the first quarter valued at approximately $45,000.

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.

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