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

Key Points

• FY 2027 guidance: Signet issued EPS guidance of $8.80–$10.74 and revenue guidance of $6.6B–$6.9B, with the EPS midpoint below the Street consensus of $10.50 and revenue at the low end of estimates.
• Dividend increase: The quarterly dividend was raised to $0.35 (annualized $1.40) from $0.32, implying a ~1.5% yield; the ex-dividend date is April 24 and the payment date is May 22.
• Market reaction and outlook: Shares rose about 3.4% to $93.52 on the update; analysts hold a consensus "Moderate Buy" rating with a $112 target and the stock trades at roughly a 13.1x P/E.

Signet Jewelers (NYSE:SIG - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 8.800-10.740 for the period, compared to the consensus EPS estimate of 10.500. The company issued revenue guidance of $6.6 billion-$6.9 billion, compared to the consensus revenue estimate of $6.9 billion. Signet Jewelers also updated its Q1 2027 guidance to EPS.

Signet Jewelers Trading Up 3.4%

SIG traded up $3.06 during trading on Thursday, hitting $93.52. 235,174 shares of the company traded hands, compared to its average volume of 946,488. The company has a market cap of $3.75 billion, a PE ratio of 13.10, a P/E/G ratio of 0.98 and a beta of 1.25. The stock's 50-day simple moving average is $90.78 and its two-hundred day simple moving average is $92.92. Signet Jewelers has a 1 year low of $52.14 and a 1 year high of $110.20.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported $6.25 earnings per share for the quarter, beating the consensus estimate of $6.11 by $0.14. The company had revenue of ($4,468.50) million during the quarter, compared to analysts' expectations of $2.33 billion. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. Signet Jewelers's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $6.62 earnings per share. Equities analysts expect that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, April 24th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, April 24th. This is an increase from Signet Jewelers's previous quarterly dividend of $0.32. Signet Jewelers's dividend payout ratio is 17.95%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Signet Jewelers in a research note on Monday, March 9th. Royal Bank Of Canada raised shares of Signet Jewelers to a "hold" rating in a research note on Monday, March 30th. Wells Fargo & Company lifted their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Friday, March 20th. 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. Finally, The Goldman Sachs Group raised shares of Signet Jewelers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

Hedge Funds Weigh In On Signet Jewelers

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Signet Jewelers by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,392,954 shares of the company's stock worth $198,328,000 after purchasing an additional 46,789 shares during the period. State Street Corp boosted its stake in shares of Signet Jewelers by 1.6% during the 4th quarter. State Street Corp now owns 1,688,602 shares of the company's stock worth $139,951,000 after purchasing an additional 27,379 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Signet Jewelers by 9.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company's stock worth $90,613,000 after purchasing an additional 82,899 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company's stock worth $49,333,000 after purchasing an additional 213,365 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Signet Jewelers by 90.7% during the 4th quarter. Victory Capital Management Inc. now owns 639,771 shares of the company's stock worth $53,024,000 after purchasing an additional 304,288 shares during the period.

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.

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