Signet Jewelers (NYSE:SIG) Issues Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Key Points

• Signet Jewelers reported a strong earnings per share (EPS) of $1.61, exceeding analysts' expectations of $1.21 by $0.40.
• The company updated its FY 2026 guidance to an EPS range of 8.040-9.570 and provided no specific EPS estimates for Q3 2026.
• Multiple analysts have increased their target prices for Signet's stock, with ratings ranging from "neutral" to "buy," reflecting growing confidence in its performance.

Signet Jewelers (NYSE:SIG - Get Free Report) issued its earnings results on Tuesday. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.21 by $0.40, Zacks reports. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $1.25 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. Signet Jewelers updated its FY 2026 guidance to 8.040-9.570 EPS and its Q3 2026 guidance to EPS.

Signet Jewelers Stock Up 3.4%

Shares of NYSE SIG traded up $3.04 during trading hours on Friday, reaching $93.59. 1,196,928 shares of the stock traded hands, compared to its average volume of 1,088,454. The company has a market capitalization of $3.85 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $106.28. The company's 50-day simple moving average is $82.63 and its two-hundred day simple moving average is $69.08.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be issued a dividend of $0.32 per share. 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 dividend payout ratio (DPR) is currently 42.95%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company restated a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday. Jefferies Financial Group started coverage on Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 price target for the company. Citigroup lifted their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday. Bank of America lifted their price target on Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, UBS Group lifted their price target on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $97.71.

Hedge Funds Weigh In On Signet Jewelers

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company's stock worth $54,000 after purchasing an additional 428 shares during the period. State of Wyoming bought a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $69,000. Raymond James Financial Inc. bought a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $120,000. Osaic Holdings Inc. grew its position in shares of Signet Jewelers by 18.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,621 shares of the company's stock worth $129,000 after buying an additional 257 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $257,000.

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.