Signet Jewelers (NYSE:SIG) Releases Earnings Results, Beats Estimates By $0.47 EPS

Signet Jewelers (NYSE:SIG) announced its quarterly earnings data on Tuesday. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.47, Zacks reports. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Signet Jewelers updated its FY 2026 guidance to 8.430-9.59 EPS.

Signet Jewelers Stock Performance

NYSE SIG opened at $89.35 on Wednesday. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.11 and a beta of 1.12. Signet Jewelers has a one year low of $45.55 and a one year high of $110.20. The company’s 50 day moving average price is $98.98 and its 200 day moving average price is $87.49.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, January 23rd. Signet Jewelers’s dividend payout ratio is 42.95%.

Wall Street Analyst Weigh In

SIG has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Wall Street Zen raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. Stephens began coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, UBS Group boosted their target price on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.50.

Hedge Funds Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Bancorp USA Inc. purchased a new position in Signet Jewelers in the third quarter valued at about $410,000. Danske Bank A S acquired a new stake in shares of Signet Jewelers in the third quarter valued at about $879,000. Castleark Management LLC raised its holdings in shares of Signet Jewelers by 3.9% during the 3rd quarter. Castleark Management LLC now owns 86,758 shares of the company’s stock valued at $8,322,000 after buying an additional 3,218 shares during the period. Verition Fund Management LLC lifted its position in Signet Jewelers by 78.0% during the 3rd quarter. Verition Fund Management LLC now owns 153,431 shares of the company’s stock worth $14,717,000 after acquiring an additional 67,230 shares in the last quarter. Finally, Summit Street Capital Management LLC acquired a new position in Signet Jewelers during the 3rd quarter worth approximately $25,328,000.

Signet Jewelers Company Profile

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.