Signet Jewelers (NYSE:SIG – Get 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:SIG – Get 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
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
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.
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