Signet Jewelers Q2 EPS Increased by Telsey Advisory Group

Key Points

• Analysts at Telsey Advisory Group raised their Q2 2027 earnings per share forecast for Signet Jewelers from $1.33 to $1.74, maintaining a "Market Perform" rating with a target price of $92.00.
• Signet Jewelers recently reported earnings of $1.61 per share for the last quarter, exceeding the consensus estimate of $1.21, and their revenue was $1.54 billion, beating the estimate of $1.50 billion.
• The company is declaring a quarterly dividend of $0.32, which will be paid on November 21st, reflecting a 1.4% dividend yield based on an annualized basis.

Signet Jewelers Limited (NYSE:SIG - Free Report) - Research analysts at Telsey Advisory Group increased their Q2 2027 earnings per share estimates for shares of Signet Jewelers in a report issued on Wednesday, September 3rd. Telsey Advisory Group analyst D. Telsey now forecasts that the company will earn $1.74 per share for the quarter, up from their prior forecast of $1.33. Telsey Advisory Group currently has a "Market Perform" rating and a $92.00 target price on the stock. The consensus estimate for Signet Jewelers' current full-year earnings is $8.73 per share.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.25 EPS. Signet Jewelers's quarterly revenue was up 3.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS.

Other research analysts have also issued research reports about the stock. Bank of America lifted their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company reissued a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. UBS Group lifted their price target on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Jefferies Financial Group began coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They issued a "buy" rating and a $102.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $97.71.

Signet Jewelers Stock Up 1.0%

Signet Jewelers stock traded up $0.89 during midday trading on Friday, hitting $91.82. 284,037 shares of the stock were exchanged, compared to its average volume of 1,340,917. The company has a fifty day simple moving average of $83.03 and a two-hundred day simple moving average of $69.71. Signet Jewelers has a 52 week low of $45.55 and a 52 week high of $106.28. The stock has a market capitalization of $3.78 billion, a PE ratio of 30.86, a P/E/G ratio of 1.06 and a beta of 1.18.

Institutional Trading of Signet Jewelers

A number of institutional investors have recently made changes to their positions in SIG. Brooklyn Investment Group lifted its position in shares of Signet Jewelers by 42,700.0% in the first quarter. Brooklyn Investment Group now owns 428 shares of the company's stock worth $25,000 after purchasing an additional 427 shares in the last quarter. Allworth Financial LP increased its holdings in Signet Jewelers by 946.8% during the first quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after buying an additional 445 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Signet Jewelers during the second quarter worth $29,000. Headlands Technologies LLC acquired a new position in Signet Jewelers during the first quarter worth $36,000. Finally, Versant Capital Management Inc increased its holdings in Signet Jewelers by 40.5% during the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after buying an additional 223 shares during the last quarter.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 24th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers's payout ratio is currently 42.95%.

About Signet Jewelers

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.