Signet Jewelers (NYSE:SIG) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Signet Jewelers (NYSE:SIG) from a buy rating to a strong-buy rating in a report issued on Saturday.

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group boosted their price target on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Wells Fargo & Company reduced their price objective on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Stock Performance

NYSE:SIG opened at $90.08 on Friday. The firm has a market cap of $3.66 billion, a P/E ratio of 26.89, a P/E/G ratio of 0.99 and a beta of 1.28. Signet Jewelers has a fifty-two week low of $45.55 and a fifty-two week high of $110.20. The firm has a 50-day simple moving average of $89.32 and a two-hundred day simple moving average of $91.72.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.47. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, equities research analysts predict that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, January 23rd. Signet Jewelers’s payout ratio is currently 38.21%.

Hedge Funds Weigh In On Signet Jewelers

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc raised its position in Signet Jewelers by 3.1% in the fourth quarter. CIBC Asset Management Inc now owns 4,072 shares of the company’s stock worth $337,000 after acquiring an additional 121 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Signet Jewelers by 1.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock worth $1,182,000 after purchasing an additional 124 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the period. Yousif Capital Management LLC lifted its position in Signet Jewelers by 0.8% during the second 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. Finally, State of Alaska Department of Revenue grew its holdings in Signet Jewelers by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company’s stock valued at $1,727,000 after purchasing an additional 138 shares during the period.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.