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

Signet Jewelers (NYSE:SIG) updated its FY 2027 earnings guidance on Tuesday. 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SIG shares. Zacks Research downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. Citigroup boosted their price target on Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 price objective on shares of Signet Jewelers in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $112.88.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $85.00 on Thursday. Signet Jewelers has a 1 year low of $71.61 and a 1 year high of $110.20. The firm has a 50 day moving average price of $86.29 and a 200 day moving average price of $89.30. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.02 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business earned $1.18 EPS. Signet Jewelers’s revenue for the quarter was up .8% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Sell-side analysts predict that Signet Jewelers will post 10.3 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s payout ratio is 17.95%.

More Signet Jewelers News

Here are the key news stories impacting Signet Jewelers this week:

• Positive Sentiment: Signet reported Q1 EPS of $1.56, ahead of estimates, with revenue in line at $1.55 billion and comparable sales growth across categories, signaling stronger-than-expected execution. Signet Jewelers Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: The company raised its full-year FY2027 guidance, implying management sees improving demand and profitability ahead. Signet Jewelers Reports Higher Sales, Raises Guidance
• Positive Sentiment: Signet also announced a $50 million accelerated share repurchase program, which can support earnings per share and reflects confidence in cash flow. Signet beats profit expectations, raises guidance, and increases share repurchaes
• Neutral Sentiment: Wells Fargo lowered its price target to $90 from $100 and kept an “equal weight” rating, suggesting limited near-term upside even after the rally. Benzinga
• Neutral Sentiment: Management’s “perform while we transform” message suggests ongoing operational changes, but investors are currently focusing more on the earnings beat and guidance raise. Signet Jewelers CEO J.K. Symancyk: Our mantra is perform while we transform

Hedge Funds Weigh In On Signet Jewelers

Several hedge funds and other institutional investors have recently modified their holdings of the company. Evergreen Capital Management LLC purchased a new position in Signet Jewelers in the second quarter valued at approximately $271,000. Corient Private Wealth LLC purchased a new stake in Signet Jewelers during the second quarter worth approximately $257,000. Hsbc Holdings PLC purchased a new stake in Signet Jewelers during the fourth quarter worth approximately $231,000. Cibc World Markets Corp acquired a new stake in shares of Signet Jewelers in the fourth quarter worth $220,000. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Signet Jewelers by 21.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,548 shares of the company’s stock worth $211,000 after acquiring an additional 445 shares in the last quarter.

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.