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

Signet Jewelers (NYSE:SIG) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 9.200-11.000 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. UBS Group cut their target price on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Stephens restated an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $112.88.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $84.79 on Tuesday. Signet Jewelers has a one year low of $65.20 and a one year high of $110.20. The company has a 50 day moving average price of $86.42 and a 200 day moving average price of $89.55. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18.

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

Signet Jewelers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, April 24th were paid a $0.35 dividend. This represents a $1.40 annualized dividend 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 payout ratio is currently 17.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in shares of Signet Jewelers by 3.1% in the fourth quarter. CIBC Asset Management Inc now owns 4,072 shares of the company’s stock valued at $337,000 after purchasing an additional 121 shares during the period. Amundi boosted its stake in Signet Jewelers by 1.9% during the 3rd quarter. Amundi now owns 7,358 shares of the company’s stock valued at $689,000 after acquiring an additional 140 shares during the last quarter. Xponance LLC boosted its stake in Signet Jewelers by 4.6% during the 4th quarter. Xponance LLC now owns 3,450 shares of the company’s stock valued at $286,000 after acquiring an additional 152 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in Signet Jewelers by 5.2% during the 4th quarter. Rafferty Asset Management LLC now owns 3,943 shares of the company’s stock valued at $327,000 after acquiring an additional 195 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Signet Jewelers by 0.6% during the 4th quarter. California State Teachers Retirement System now owns 34,955 shares of the company’s stock valued at $2,897,000 after acquiring an additional 210 shares during 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.