Signet Jewelers (NYSE:SIG) Releases Earnings Results, Beats Expectations By $0.17 EPS

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

Signet Jewelers Price Performance

Signet Jewelers stock traded down $0.79 during mid-day trading on Wednesday, reaching $74.34. 1,779,088 shares of the company's stock traded hands, compared to its average volume of 1,209,120. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $109.52. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $60.78 and a two-hundred day moving average of $65.93. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 3.43 and a beta of 1.34.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 25th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, July 25th. Signet Jewelers's dividend payout ratio is presently -168.42%.

Insider Transactions at Signet Jewelers

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

Institutional Trading of Signet Jewelers

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in Signet Jewelers by 33.5% in the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Signet Jewelers by 9.8% in the first 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, Royal Bank of Canada lifted its stake in Signet Jewelers by 87.2% in the first quarter. Royal Bank of Canada now owns 17,564 shares of the company's stock worth $1,020,000 after acquiring an additional 8,183 shares during the period.

Wall Street Analysts Forecast Growth

SIG has been the topic of several recent research reports. Citigroup raised their price objective on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday. CL King initiated coverage on shares of Signet Jewelers in a report on Monday, May 5th. They set a "buy" rating and a $80.00 price target on the stock. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Telsey Advisory Group lifted their target price on shares of Signet Jewelers from $62.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, Bank of America increased their price target on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $84.67.

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.