
Signet Jewelers (SIG) Stock Forecast & Price Target
Signet Jewelers (SIG) Analyst Ratings
Bulls say
Signet Jewelers reported a 7% year-over-year increase in service revenue, attributed to improved attachment rates for extended service agreements, indicating a stronger customer relationship and revenue potential. The bridal category demonstrated resilience, remaining roughly flat year-over-year, while showing a mid-single-digit growth in average unit retail across the company's three largest brands, reflecting positive pricing power. Furthermore, inventory levels for lab-grown fashion pieces priced under $1,000 have tripled compared to the previous year, suggesting robust demand and a strategic positioning for the upcoming holiday season.
Bears say
Signet Jewelers faces a negative outlook, primarily due to the significant underperformance of its James Allen segment, which has negatively impacted total comparable sales by 120 basis points this quarter. Additionally, the company has experienced a decline in fashion units, driven by weak demand at its Banter brand and a strategic reduction in low-priced promotional items at Zales, further stressing revenue streams. Furthermore, expectations for selling, general, and administrative expenses (SG&A) to remain flat or slightly decline, along with a reset of incentive compensation, suggest potential challenges in maintaining operational efficiency in the upcoming quarter.
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
Start investing in Signet Jewelers (SIG)
Order type
Buy in
Order amount
Est. shares
0 shares