Signet Jewelers (NYSE:SIG) Issues FY 2027 Earnings Guidance

Signet Jewelers (NYSE:SIGGet Free Report) updated its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 9.200-11.000 for the period, compared to the consensus EPS estimate of 10.410. The company issued revenue guidance of $6.7 billion-$6.9 billion, compared to the consensus revenue estimate of $6.8 billion. Signet Jewelers also updated its Q2 2027 guidance to EPS.

Signet Jewelers Stock Down 3.0%

Shares of NYSE:SIG opened at $84.79 on Tuesday. Signet Jewelers has a 52-week low of $65.20 and a 52-week high of $110.20. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.01 and a beta of 1.18. The business has a 50-day moving average price of $86.42 and a 200-day moving average price of $89.55.

Signet Jewelers (NYSE:SIGGet Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, equities analysts anticipate that Signet Jewelers will post 10.3 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, April 24th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, April 24th. Signet Jewelers’s dividend payout ratio (DPR) is presently 17.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SIG. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 price target on shares of Signet Jewelers in a research note on Thursday, March 19th. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Wells Fargo & Company lifted their price target on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, March 20th. One 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.88.

Get Our Latest Stock Analysis on SIG

Institutional Trading of Signet Jewelers

Several hedge funds have recently modified their holdings of SIG. Brown Brothers Harriman & Co. purchased a new position in Signet Jewelers in the 4th quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. increased its stake in Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after purchasing an additional 333 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares in the last quarter. State of Wyoming purchased a new position in Signet Jewelers in the 2nd quarter valued at approximately $69,000. Finally, Transamerica Financial Advisors LLC increased its stake in Signet Jewelers by 2,084.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,420 shares of the company’s stock valued at $118,000 after purchasing an additional 1,355 shares in the last quarter.

Signet Jewelers Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Signet Jewelers (NYSE:SIG)

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