Signet Jewelers (NYSE:SIG) Announces Quarterly Earnings Results

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

Signet Jewelers Stock Performance

NYSE SIG opened at $84.79 on Tuesday. The firm’s 50 day moving average price is $86.42 and its 200-day moving average price is $89.55. Signet Jewelers has a 52-week low of $65.20 and a 52-week high of $110.20. The company has a market cap of $3.40 billion, a PE ratio of 11.89, a P/E/G ratio of 1.01 and a beta of 1.18.

Signet Jewelers Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Wall Street Zen downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Zacks Research downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, UBS Group dropped their target price on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and a consensus price target of $112.88.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC bought a new position in shares of Signet Jewelers during the fourth quarter valued at approximately $231,000. Invesco Ltd. boosted its stake in shares of Signet Jewelers by 18.3% during the fourth quarter. Invesco Ltd. now owns 238,776 shares of the company’s stock valued at $19,790,000 after purchasing an additional 36,927 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Signet Jewelers by 21.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,548 shares of the company’s stock valued at $211,000 after purchasing an additional 445 shares in the last quarter. XTX Topco Ltd purchased a new stake in Signet Jewelers during the fourth quarter valued at approximately $221,000. Finally, Voloridge Investment Management LLC purchased a new stake in Signet Jewelers during the fourth quarter valued at approximately $17,923,000.

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.