Citigroup maintains Buy rating for Signet Jewelers, raises PT to $110.

Citigroup maintains Buy rating for Signet Jewelers, raises PT to $110.

Citigroup has recently revised its price target for Signet Jewelers (NYSE: SIG) to $110, while maintaining its "Buy" rating on the stock. This adjustment comes after the company's latest earnings report, which showed a strong performance with earnings per share (EPS) of $1.18, surpassing expectations [1].

Citigroup's new target price reflects a significant increase from the previous target of $100, indicating a more bullish outlook on the company's future prospects. The updated target price suggests a potential upside of approximately 14.9% from the stock's current trading levels.

The positive earnings report has been well-received by analysts, with several firms adjusting their price targets and ratings for the stock. For instance, Telsey Advisory Group reiterated a "market perform" rating with a price target of $92.00, while Wells Fargo & Company raised its target price to $75.00 with an "equal weight" rating [2].

Signet Jewelers' strong financial performance and positive analyst sentiment have contributed to its recent stock price appreciation. The company's revenue grew by 2.0% year-over-year to $1.54 billion, and its return on equity (ROE) was 22.41% for the quarter [1].

Institutional investors have also shown interest in Signet Jewelers, with several hedge funds and investment firms increasing their stakes in the company. For example, Charles Schwab Investment Management Inc. recently increased its holdings in Signet Jewelers [1].

Despite the positive developments, investors should remain cautious and conduct thorough research before making investment decisions. It is essential to consider various factors, such as the company's competitive landscape, macroeconomic conditions, and potential risks.

References:
[1] https://www.marketbeat.com/instant-alerts/signet-jewelers-limited-nysesig-given-consensus-recommendation-of-moderate-buy-by-analysts-2025-08-27/
[2] https://www.marketbeat.com/instant-alerts/signet-jewelers-nysesig-receives-market-perform-rating-from-telsey-advisory-group-2025-08-26/