Telsey Advisory Group Reaffirms Market Perform Rating for Signet Jewelers (NYSE:SIG)

Signet Jewelers (NYSE:SIG)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They presently have a $92.00 target price on the stock. Telsey Advisory Group’s price objective suggests a potential downside of 4.19% from the company’s current price.

A number of other brokerages also recently commented on SIG. Stephens started coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price on the stock. Wells Fargo & Company increased their price target on Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Wall Street Zen raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Bank of America upped their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

Signet Jewelers Price Performance

Shares of SIG stock opened at $96.03 on Tuesday. The company has a market cap of $3.93 billion, a P/E ratio of 32.22, a PEG ratio of 1.16 and a beta of 1.12. The stock’s 50-day moving average is $99.10 and its 200 day moving average is $87.33. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $110.20.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Q4 2026 guidance at EPS. On average, analysts anticipate that Signet Jewelers will post 8.73 EPS for the current year.

Institutional Trading of Signet Jewelers

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in Signet Jewelers by 175.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock worth $107,963,000 after acquiring an additional 1,183,214 shares during the period. Hood River Capital Management LLC purchased a new stake in shares of Signet Jewelers in the second quarter valued at $56,537,000. Arrowstreet Capital Limited Partnership grew its position in shares of Signet Jewelers by 321.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock valued at $68,554,000 after purchasing an additional 657,444 shares during the period. Divisadero Street Capital Management LP acquired a new position in Signet Jewelers in the second quarter valued at $50,342,000. Finally, Bowen Hanes & Co. Inc. purchased a new position in Signet Jewelers during the third quarter worth about $47,837,000.

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.