Signet Jewelers (NYSE:SIG) Posts Earnings Results, Beats Expectations By $0.18 EPS

Signet Jewelers (NYSE:SIG) issued its quarterly earnings data on Tuesday. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18, FiscalAI reports. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Signet Jewelers updated its FY 2027 guidance to 9.200-11.000 EPS.

Signet Jewelers Stock Performance

Shares of 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 capitalization 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 stock has a fifty day moving average of $86.42 and a 200-day moving average of $89.55.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, April 24th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, April 24th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.7%. Signet Jewelers’s dividend payout ratio is currently 17.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SIG. Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. UBS Group reduced their price objective on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Telsey Advisory Group restated a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a report on Thursday, March 19th. Finally, Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a report on Friday. One equities 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 data from MarketBeat.com, Signet Jewelers has an average rating of “Moderate Buy” and an average price target of $112.88.

Institutional Trading of Signet Jewelers

A number of institutional investors and hedge funds have recently bought and sold shares of SIG. Royal Bank of Canada increased its holdings in Signet Jewelers by 87.2% in the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock valued at $1,020,000 after purchasing an additional 8,183 shares during the period. Goldman Sachs Group Inc. increased its holdings in Signet Jewelers by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after purchasing an additional 213,365 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Signet Jewelers by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after purchasing an additional 10,964 shares during the period. Prudential Financial Inc. increased its holdings in Signet Jewelers by 55.4% in the second quarter. Prudential Financial Inc. now owns 5,935 shares of the company’s stock valued at $472,000 after purchasing an additional 2,116 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares during the period.

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.