
Signet Jewelers (SIG) Stock Forecast & Price Target
Signet Jewelers (SIG) Analyst Ratings
Bulls say
Signet Jewelers has demonstrated a positive trend in its services segment, reporting a 7% year-over-year increase driven by higher attachment rates of extended service agreements. Although bridal sales remained relatively flat in the second quarter, major brands within the segment experienced growth in average unit retail (AUR), indicating strong demand despite static unit sales. Additionally, inventory levels for lab-grown fashion pieces under $1,000 have significantly increased, with expectations for further growth, positioning the company favorably for the upcoming holiday season.
Bears say
Signet Jewelers has experienced negative performance in its sales, primarily due to the underperformance of its James Allen segment, which negatively impacted total comparable sales by 120 basis points this quarter. The decline in fashion units, attributed to the Banter brand’s sensitivity to gold prices and a strategic shift away from lower-priced promotional items, signals ongoing challenges within a critical revenue category. Additionally, expectations of flat or slightly deleveraged selling, general, and administrative expenses, affected by a reset of incentive compensation, suggest potential constraints on profitability moving forward.
This aggregate rating is based on analysts' research of Signet Jewelers and is not a guaranteed prediction by Public.com or investment advice.
Signet Jewelers (SIG) Analyst Forecast & Price Prediction
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