Signet Jewelers (NYSE:SIG) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Signet Jewelers (NYSE:SIG) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other analysts have also issued reports on the company. Wall Street Zen upgraded Signet Jewelers from a “buy” rating to a “strong-buy” rating in a report on Saturday. Wells Fargo & Company cut their price target on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Stephens assumed coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target for the company. Jefferies Financial Group increased their price objective on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Price Performance

NYSE SIG opened at $93.40 on Monday. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. The company has a 50 day simple moving average of $90.55 and a 200-day simple moving average of $90.47. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $110.20.

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

Signet Jewelers Dividend Announcement

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

Institutional Trading of Signet Jewelers

A number of institutional investors and hedge funds have recently modified their holdings of SIG. Salomon & Ludwin LLC acquired a new position in Signet Jewelers in the 3rd quarter valued at $31,000. Ameritas Advisory Services LLC bought a new stake in Signet Jewelers during the second quarter valued at about $29,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Signet Jewelers in the third quarter valued at about $64,000. EverSource Wealth Advisors LLC increased its stake in shares of Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after purchasing an additional 428 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of Signet Jewelers during the 3rd quarter worth about $82,000.

About Signet Jewelers

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.