Signet Jewelers (NYSE:SIG) Stock Rating Upgraded by The Goldman Sachs Group

Signet Jewelers (NYSE:SIG) was upgraded by investment analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also commented on SIG. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Zacks Research raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Monday. Stephens started coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price objective for the company. Wall Street Zen upgraded shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Finally, UBS Group reissued a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Stock Performance

NYSE:SIG opened at $93.98 on Wednesday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.14 and a beta of 1.18. Signet Jewelers has a one year low of $45.55 and a one year high of $110.20. The firm’s fifty day moving average is $90.30 and its two-hundred day moving average is $90.49.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, topping 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 business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company earned $0.25 EPS. The business’s revenue was up 3.1% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, equities research analysts predict that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its position in shares of Signet Jewelers by 0.4% in the 2nd quarter. US Bancorp DE now owns 30,302 shares of the company’s stock worth $2,411,000 after buying an additional 121 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Signet Jewelers by 1.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock worth $1,182,000 after acquiring an additional 124 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Signet Jewelers by 0.8% in 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. Amundi lifted its holdings in shares of Signet Jewelers by 1.9% in the third quarter. Amundi now owns 7,358 shares of the company’s stock valued at $689,000 after purchasing an additional 140 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Signet Jewelers by 2.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,995 shares of the company’s stock valued at $562,000 after purchasing an additional 150 shares during the last quarter.

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.