Signet Jewelers (NYSE:SIG) Issues Quarterly Earnings Results

Signet Jewelers (NYSE:SIG) released its quarterly earnings results on Tuesday. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.01 by $0.17, Zacks reports. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Signet Jewelers updated its FY 2026 guidance to 7.700-9.380 EPS and its Q2 2026 guidance to EPS.

Signet Jewelers Stock Up 12.7%

NYSE:SIG opened at $75.31 on Wednesday. The firm has a market capitalization of $3.23 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34. The stock has a 50 day moving average of $60.78 and a 200-day moving average of $65.93. Signet Jewelers has a 52 week low of $45.55 and a 52 week high of $109.52. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, April 25th were issued a $0.32 dividend. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, April 25th. Signet Jewelers’s payout ratio is currently -168.42%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cfra Research raised Signet Jewelers to a “moderate buy” rating in a research report on Thursday, March 20th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $62.00 price objective on shares of Signet Jewelers in a research note on Tuesday. UBS Group raised their price objective on Signet Jewelers from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Wells Fargo & Company upped their price objective on Signet Jewelers from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Finally, CL King began coverage on Signet Jewelers in a research report on Monday, May 5th. They issued a “buy” rating and a $80.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Signet Jewelers currently has a consensus rating of “Hold” and a consensus target price of $80.00.

Insider Activity at Signet Jewelers

In other news, Director Helen Mccluskey purchased 1,700 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was purchased at an average cost of $58.86 per share, with a total value of $100,062.00. Following the purchase, the director now owns 31,916 shares in the company, valued at $1,878,575.76. This trade represents a 5.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Kevin Symancyk acquired 15,000 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were bought at an average price of $57.45 per share, with a total value of $861,750.00. Following the transaction, the chief executive officer now directly owns 50,710 shares in the company, valued at approximately $2,913,289.50. The trade was a 42.01% increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Signet Jewelers

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of Signet Jewelers by 87.2% in the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock valued at $1,020,000 after purchasing an additional 8,183 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Signet Jewelers by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after acquiring an additional 10,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after acquiring an additional 213,365 shares during the period.

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.