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