Signet Jewelers (NYSE:SIG) Updates FY 2027 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 9.200-11.000 for the period, compared to the consensus earnings per share estimate of 10.410. The company issued revenue guidance of $6.7 billion-$6.9 billion, compared to the consensus revenue estimate of $6.8 billion. Signet Jewelers also updated its Q2 2027 guidance to EPS.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $84.79 on Tuesday. The firm’s 50-day moving average is $86.42 and its 200-day moving average is $89.55. Signet Jewelers has a 1 year low of $65.20 and a 1 year high of $110.20. The company has a market cap of $3.40 billion, a P/E ratio of 11.89, a PEG ratio of 1.01 and a beta of 1.18.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, sell-side analysts predict that Signet Jewelers will post 10.3 earnings per share for the current year.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were issued a $0.35 dividend. 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. Signet Jewelers’s dividend payout ratio is 17.95%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SIG. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a report on Friday. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, March 20th. Finally, Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trexquant Investment LP acquired a new position in shares of Signet Jewelers in the fourth quarter worth about $17,248,000. Nomura Holdings Inc. boosted its holdings in shares of Signet Jewelers by 1,725.3% during the third quarter. Nomura Holdings Inc. now owns 167,852 shares of the company’s stock worth $16,100,000 after purchasing an additional 158,656 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Signet Jewelers by 78.0% during the third quarter. Verition Fund Management LLC now owns 153,431 shares of the company’s stock worth $14,717,000 after purchasing an additional 67,230 shares during the period. Deutsche Bank AG boosted its holdings in shares of Signet Jewelers by 262.9% during the fourth quarter. Deutsche Bank AG now owns 122,941 shares of the company’s stock worth $10,189,000 after purchasing an additional 89,061 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Signet Jewelers by 0.6% during the fourth quarter. California State Teachers Retirement System now owns 34,955 shares of the company’s stock worth $2,897,000 after purchasing an additional 210 shares during the period.

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.