Signet Jewelers (NYSE:SIG) Updates FY25 Earnings Guidance

Signet Jewelers (NYSE:SIGGet Free Report) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $9.90-11.52 for the period, compared to the consensus earnings per share estimate of $9.72.

Analysts Set New Price Targets

Several research firms have recently issued reports on SIG. Wells Fargo & Company boosted their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the stock an overweight rating in a report on Friday, December 22nd. UBS Group dropped their price objective on shares of Signet Jewelers from $138.00 to $134.00 and set a buy rating on the stock in a report on Tuesday, March 19th. Citigroup upgraded shares of Signet Jewelers from a neutral rating to a buy rating and lifted their target price for the company from $93.00 to $119.00 in a research report on Wednesday, December 6th. Bank of America decreased their target price on shares of Signet Jewelers from $110.00 to $100.00 and set a neutral rating on the stock in a research report on Thursday, March 21st. Finally, Telsey Advisory Group decreased their target price on shares of Signet Jewelers from $105.00 to $100.00 and set a market perform rating on the stock in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $114.60.

Read Our Latest Stock Report on SIG

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $95.08 on Wednesday. The firm’s 50-day simple moving average is $100.19 and its 200-day simple moving average is $90.01. Signet Jewelers has a twelve month low of $57.10 and a twelve month high of $108.79. The firm has a market cap of $4.21 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 1.28 and a beta of 2.13.

Signet Jewelers (NYSE:SIGGet Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.40. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $5.52 earnings per share. On average, equities analysts forecast that Signet Jewelers will post 9.65 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be given a $0.29 dividend. The ex-dividend date is Thursday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. Signet Jewelers’s payout ratio is 6.14%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, insider William Brace sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total value of $297,000.00. Following the transaction, the insider now directly owns 75,664 shares in the company, valued at $7,490,736. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Signet Jewelers news, insider Oded Edelman sold 7,911 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $105.36, for a total value of $833,502.96. Following the completion of the transaction, the insider now directly owns 33,378 shares of the company’s stock, valued at $3,516,706.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William Brace sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the completion of the transaction, the insider now directly owns 75,664 shares of the company’s stock, valued at $7,490,736. The disclosure for this sale can be found here. Insiders have sold a total of 92,435 shares of company stock worth $8,987,931 over the last ninety days. Corporate insiders own 4.54% of the company’s stock.

Hedge Funds Weigh In On Signet Jewelers

Institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC raised its stake in shares of Signet Jewelers by 67.9% in the first quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock worth $31,000 after acquiring an additional 163 shares during the last quarter. Quarry LP raised its stake in shares of Signet Jewelers by 274.1% in the first quarter. Quarry LP now owns 404 shares of the company’s stock worth $31,000 after acquiring an additional 296 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Signet Jewelers in the first quarter worth about $51,000. Lazard Asset Management LLC raised its stake in shares of Signet Jewelers by 17.0% during the third quarter. Lazard Asset Management LLC now owns 1,374 shares of the company’s stock worth $98,000 after buying an additional 200 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of Signet Jewelers by 18.5% during the fourth quarter. State of Wyoming now owns 1,565 shares of the company’s stock worth $106,000 after buying an additional 244 shares during the last quarter.

Signet Jewelers Company Profile

(Get Free Report)

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.

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Earnings History and Estimates for Signet Jewelers (NYSE:SIG)

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