Wells Fargo & Company Issues Pessimistic Forecast for Signet Jewelers (NYSE:SIG) Stock Price

Signet Jewelers (NYSE:SIG) had its price target cut by analysts at Wells Fargo & Company from $100.00 to $90.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 3.02% from the stock’s previous close.

Several other brokerages also recently commented on SIG. Citigroup restated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Zacks Research downgraded Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Finally, UBS Group cut their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $111.63.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $87.36 on Wednesday. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.98 and a beta of 1.17. Signet Jewelers has a 52-week low of $71.61 and a 52-week high of $110.20. The stock’s 50 day moving average price is $86.42 and its two-hundred day moving average price is $89.55.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.18. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. Signet Jewelers’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities research analysts forecast that Signet Jewelers will post 10.3 EPS for the current year.

Institutional Trading of Signet Jewelers

Several institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its position in Signet Jewelers by 12.3% in the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock valued at $152,775,000 after buying an additional 174,873 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Signet Jewelers by 212.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock worth $48,016,000 after acquiring an additional 340,228 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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. Segall Bryant & Hamill LLC grew its stake in shares of Signet Jewelers by 163.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock worth $3,349,000 after acquiring an additional 21,660 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. purchased a new stake in shares of Signet Jewelers in the third quarter valued at about $47,837,000.

Key Headlines Impacting Signet Jewelers

Here are the key news stories impacting Signet Jewelers this week:

• Positive Sentiment: Signet beat consensus estimates with Q1 EPS of $1.56 versus expectations around $1.38, while revenue of $1.55 billion matched forecasts and sales improved modestly year over year. Signet Jewelers Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: The company raised its full-year FY2027 guidance, signaling management sees improving operating momentum and stronger profitability ahead. Signet Jewelers Reports Higher Sales, Raises Guidance
• Positive Sentiment: Signet also announced a $50 million accelerated share repurchase program, adding another capital-return boost that investors typically view favorably. After Guidance Hike, Is Signet Jewelers a Buy?
• Positive Sentiment: The company said comparable sales were positive across categories, with encouraging holiday-related performance and signs that demand remains resilient despite a mixed consumer backdrop. Signet Jewelers gains as Q1 results top estimates, profit outlook improves
• Neutral Sentiment: Signet declared a quarterly dividend of $0.35 per share, which reinforces shareholder returns but is unlikely to be the main driver of the stock’s move today. Why Signet Jewelers Stock Topped the Market Today

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.