Signet Jewelers (NYSE:SIG) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Signet Jewelers (NYSE:SIG) from a strong-buy rating to a buy rating in a report released on Sunday morning.

A number of other research firms have also issued reports on SIG. UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Wells Fargo & Company lowered their price objective on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 3rd. The Goldman Sachs Group began coverage on shares of Signet Jewelers in a research note on Thursday, December 11th. They set a “neutral” rating and a $96.00 price objective on the stock. Stephens began coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $92.73 on Friday. The stock has a 50-day simple moving average of $92.41 and a 200-day simple moving average of $89.85. The stock has a market capitalization of $3.77 billion, a P/E ratio of 27.68, a PEG ratio of 1.09 and a beta of 1.18. Signet Jewelers has a 1 year low of $45.55 and a 1 year high of $110.20.

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

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis 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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Signet Jewelers by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock worth $225,046,000 after acquiring an additional 43,925 shares in the last quarter. American Century Companies Inc. boosted its holdings in Signet Jewelers by 12.3% in the third quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock worth $152,775,000 after purchasing an additional 174,873 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Signet Jewelers by 9.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock valued at $90,613,000 after purchasing an additional 82,899 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after purchasing an additional 213,365 shares during the period. Finally, Hood River Capital Management LLC bought a new position in shares of Signet Jewelers in the 2nd quarter worth about $56,537,000.

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.