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

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

Signet Jewelers Stock Down 3.0%

Shares of NYSE SIG opened at $84.79 on Tuesday. The business’s 50 day moving average price is $86.42 and its two-hundred day moving average price is $89.55. The company has a market cap of $3.40 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18. Signet Jewelers has a twelve month low of $65.20 and a twelve month high of $110.20.

Signet Jewelers Increases Dividend

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

Hedge Funds Weigh In On Signet Jewelers

Institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers during the fourth quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. increased its position in Signet Jewelers by 111.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after buying an additional 333 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Signet Jewelers by 171.2% during the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after buying an additional 428 shares during the last quarter. State of Wyoming acquired a new position in Signet Jewelers during the second quarter worth approximately $69,000. Finally, Transamerica Financial Advisors LLC increased its position in Signet Jewelers by 2,084.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,420 shares of the company’s stock worth $118,000 after buying an additional 1,355 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Friday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Signet Jewelers in a research report on Friday. Wall Street Zen downgraded Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 target price on shares of Signet Jewelers in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $112.88.

About Signet Jewelers

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.