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 Analyst Weigh In

A number of research firms have recently issued reports on SIG. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Wells Fargo & Company upped their price target 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. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a research report on Friday, May 29th. UBS Group lowered their price objective on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. One equities research 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 company. According to data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Up 3.7%

SIG opened at $87.92 on Wednesday. Signet Jewelers has a 52 week low of $71.61 and a 52 week high of $110.20. The business has a fifty day simple moving average of $86.42 and a 200-day simple moving average of $89.55. The firm has a market cap of $3.52 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.98 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.38 by $0.18. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the business posted $1.18 earnings per share. The company’s quarterly revenue 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 expect that Signet Jewelers will post 10.3 earnings per share for the current year.

Signet Jewelers Announces Dividend

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

Trending Headlines about Signet Jewelers

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

• Positive Sentiment: Signet beat Q1 profit estimates and posted higher year-over-year earnings, reinforcing the idea that its turnaround is holding up. Signet Jewelers Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: The company raised its FY2027 guidance, signaling management is more confident in sales and profit trends after the strong quarter. Signet Jewelers Reports Higher Sales, Raises Guidance
• Positive Sentiment: Signet announced a $50 million accelerated share repurchase program, which investors may view as a sign of confidence and a support for earnings per share. After Guidance Hike, Is Signet Jewelers a Buy?
• Positive Sentiment: The board also declared a quarterly dividend, adding to the stock’s shareholder-return story. Why Signet Jewelers Stock Topped the Market Today
• Neutral Sentiment: Revenue was essentially in line with Wall Street expectations, so the move is being driven more by earnings strength, guidance, and buybacks than by a sales beat.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Signet Jewelers by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,392,954 shares of the company’s stock worth $198,328,000 after buying an additional 46,789 shares during the period. State Street Corp boosted its position in shares of Signet Jewelers by 1.6% during the fourth quarter. State Street Corp now owns 1,688,602 shares of the company’s stock worth $139,951,000 after buying an additional 27,379 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Signet Jewelers by 9.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock worth $90,613,000 after buying an additional 82,899 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after buying an additional 213,365 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Signet Jewelers by 90.7% in the fourth quarter. Victory Capital Management Inc. now owns 639,771 shares of the company’s stock valued at $53,024,000 after acquiring an additional 304,288 shares in the last quarter.

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.