Signet Jewelers (NYSE:SIG) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Signet Jewelers (NYSE:SIG) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, October 8th. Jefferies Financial Group boosted their target price on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. UBS Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Finally, Stephens began coverage on Signet Jewelers in a report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Stock Performance

NYSE:SIG traded up $0.69 during trading hours on Wednesday, hitting $94.69. 30,611 shares of the company’s stock traded hands, compared to its average volume of 774,175. The stock’s fifty day moving average price is $90.30 and its two-hundred day moving average price is $90.49. The firm has a market cap of $3.85 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.14 and a beta of 1.18. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $110.20.

Signet Jewelers (NYSE:SIG) last released its earnings results 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 company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. 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 earnings per share for the current year.

Signet Jewelers Announces Dividend

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 given a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Signet Jewelers’s payout ratio is currently 38.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new stake in Signet Jewelers in the 3rd quarter worth approximately $31,000. Ameritas Advisory Services LLC bought a new position in shares of Signet Jewelers in the second quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Signet Jewelers in the third quarter worth $64,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after buying an additional 428 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Signet Jewelers during the 3rd quarter worth $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.