Signet Jewelers (NYSE:SIG) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Signet Jewelers (NYSE:SIG) announced its quarterly earnings results on Tuesday. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.17, Zacks reports. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. Signet Jewelers updated its FY 2026 guidance to 7.700-9.380 EPS and its Q2 2026 guidance to EPS.

Signet Jewelers Stock Performance

Shares of SIG opened at $74.34 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average price is $61.09 and its 200-day moving average price is $65.99. Signet Jewelers has a 52 week low of $45.55 and a 52 week high of $109.52. The stock has a market cap of $3.19 billion, a P/E ratio of 8.55, a P/E/G ratio of 3.43 and a beta of 1.34.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be given a $0.32 dividend. The ex-dividend date is Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.72%. Signet Jewelers’s dividend payout ratio is currently -168.42%.

Analyst Ratings Changes

A number of brokerages recently commented on SIG. CL King initiated coverage on Signet Jewelers in a research report on Monday, May 5th. They set a “buy” rating and a $80.00 price target for the company. Bank of America lifted their price objective on Signet Jewelers from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on Signet Jewelers from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Telsey Advisory Group boosted their price target on Signet Jewelers from $62.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Citigroup boosted their price target on Signet Jewelers from $85.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Signet Jewelers has an average rating of “Hold” and an average price target of $84.67.

Insider Transactions at Signet Jewelers

In related news, Director Helen Mccluskey purchased 1,700 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $58.86 per share, with a total value of $100,062.00. Following the transaction, the director now directly owns 31,916 shares in the company, valued at $1,878,575.76. This trade represents a 5.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Kevin Symancyk purchased 15,000 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $57.45 per share, for a total transaction of $861,750.00. Following the completion of the transaction, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. This represents a 42.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIG. Royal Bank of Canada lifted its position in Signet Jewelers by 87.2% in the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock valued at $1,020,000 after acquiring an additional 8,183 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after acquiring an additional 213,365 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Signet Jewelers by 9.8% in the 1st 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 acquiring an additional 10,964 shares in the last quarter.

About Signet Jewelers

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.