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

Signet Jewelers (NYSE:SIGGet Free Report) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 10.450-12.150 for the period, compared to the consensus earnings per share estimate of 10.790. 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 Q3 2027 guidance to EPS.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SIG shares. Citigroup restated a “buy” rating on shares of Signet Jewelers in a research report on Tuesday, August 25th. Bank of America reaffirmed a “neutral” rating on shares of Signet Jewelers in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Monday, July 6th. Wells Fargo & Company boosted their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Jefferies Financial Group upped their price objective on shares of Signet Jewelers from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and an average target price of $118.00.

Get Our Latest Research Report on SIG

Signet Jewelers Stock Performance

SIG stock opened at $102.42 on Thursday. Signet Jewelers has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The business’s 50 day moving average price is $88.34 and its two-hundred day moving average price is $87.85. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.86 and a beta of 1.11.

Signet Jewelers (NYSE:SIGGet Free Report) last released its earnings results on Wednesday, September 9th. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.50. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Sell-side analysts forecast that Signet Jewelers will post 10.66 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 23rd will be issued a $0.35 dividend. The ex-dividend date is Friday, October 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Signet Jewelers’s dividend payout ratio is 19.64%.

Signet Jewelers News Roundup

Here are the key news stories impacting Signet Jewelers this week:

  • Positive Sentiment: Quarterly earnings beat expectations. Signet reported adjusted EPS of $2.19, versus the $1.69-$1.74 analyst consensus, and revenue of $1.53 billion, roughly in line with estimates. EPS rose from $1.61 a year earlier, marking the company’s sixth consecutive earnings beat. Signet Jewelers Reports Second Quarter Fiscal 2027 Results
  • Positive Sentiment: Profitability and comparable sales improved. Adjusted operating income increased to $107.2 million, while operating margin expanded to 7.0% from 5.6% a year earlier. Same-store sales grew 2.2%, with positive performance across all fine-jewelry brands and high-single-digit unit growth at higher price points. Signet shares soar as jeweler lifts annual profit forecast
  • Positive Sentiment: Full-year guidance was raised. Fiscal 2027 adjusted EPS guidance increased to $10.45-$12.15 from $9.20-$11.00, while revenue guidance remained $6.7-$6.9 billion. Signet also authorized an additional $125 million in share repurchases and renewed its Bread Financial consumer-credit partnership through 2035. Signet Jewelers jumps as profit beats estimates, full-year outlook raised
  • Positive Sentiment: Analyst support remains favorable. Stephens reaffirmed its “overweight” rating and $130 price target, implying further upside based on the provided reference price. Stephens Reaffirms Overweight Rating for Signet Jewelers
  • Neutral Sentiment: Signet declared a quarterly dividend of $0.35 per share, equivalent to an annualized yield of approximately 1.4%, with payment scheduled for November 20.
  • Negative Sentiment: Sales growth remains modest. Quarterly revenue declined 0.5% year over year, and unchanged full-year sales guidance suggests the earnings improvement is being driven mainly by cost discipline and margin expansion. Wells Fargo raised its price target to $100 but maintained an “equal weight” rating. Signet Jewelers Surges as Raised Profit Outlook Overrides Flat Sales Guidance

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SIG. Hsbc Holdings PLC bought a new stake in shares of Signet Jewelers during the fourth quarter valued at approximately $231,000. Invesco Ltd. lifted its holdings in shares of Signet Jewelers by 18.3% during the fourth quarter. Invesco Ltd. now owns 238,776 shares of the company’s stock valued at $19,790,000 after purchasing an additional 36,927 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Signet Jewelers by 21.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,548 shares of the company’s stock valued at $211,000 after buying an additional 445 shares during the last quarter. XTX Topco Ltd bought a new stake in Signet Jewelers in the 4th quarter worth about $221,000. Finally, Voloridge Investment Management LLC bought a new stake in Signet Jewelers in the 4th quarter worth about $17,923,000.

About Signet Jewelers

(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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