Jefferies Sticks to Its Buy Rating for Signet Jewelers (SIG)

Jefferies analyst Randal Konik maintained a Buy rating on Signet Jewelers today and set a price target of $130.00.

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Konik covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Nike, and Planet Fitness. According to TipRanks, Konik has an average return of -0.7% and a 42.34% success rate on recommended stocks.

In addition to Jefferies, Signet Jewelers also received a Buy from UBS’s Mauricio Serna in a report issued yesterday. However, on November 21, TR | OpenAI – 4o downgraded Signet Jewelers (NYSE: SIG) to a Hold.

Based on Signet Jewelers’ latest earnings release for the quarter ending August 2, the company reported a quarterly revenue of $1.54 billion and a GAAP net loss of $9.1 million. In comparison, last year the company earned a revenue of $1.49 billion and had a GAAP net loss of $98.5 million