Signet Jewelers (SIG) Expected to Announce Earnings on Tuesday

Signet Jewelers (NYSE:SIG - Get Free Report) is expected to be issuing its Q1 2026 quarterly earnings data before the market opens on Tuesday, June 3rd. Analysts expect the company to announce earnings of $1.02 per share and revenue of $1.52 billion for the quarter.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.39 by $0.23. The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company posted $6.73 earnings per share. On average, analysts expect Signet Jewelers to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Signet Jewelers Stock Performance

SIG traded down $0.56 during mid-day trading on Friday, reaching $66.33. 454,074 shares of the company traded hands, compared to its average volume of 1,182,281. The company's fifty day moving average price is $60.23 and its 200-day moving average price is $66.74. The stock has a market capitalization of $2.85 billion, a P/E ratio of 7.61, a P/E/G ratio of 3.43 and a beta of 1.34. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $112.06.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, April 25th were issued a $0.32 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.93%. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's payout ratio is presently -168.42%.

Insiders Place Their Bets

In other news, Director Helen Mccluskey acquired 1,700 shares of Signet Jewelers stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $58.86 per share, with a total value of $100,062.00. Following the completion of the purchase, the director now directly owns 31,916 shares in the company, valued at approximately $1,878,575.76. This trade represents a 5.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Kevin Symancyk bought 15,000 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of $57.45 per share, with a total value of $861,750.00. Following the acquisition, the chief executive officer now directly owns 50,710 shares in the company, valued at $2,913,289.50. This trade represents a 42.01% increase in their position. The disclosure for this purchase can be found here. 3.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds have recently made changes to their positions in SIG. Royal Bank of Canada lifted its holdings in Signet Jewelers by 87.2% in the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company's stock worth $1,020,000 after purchasing an additional 8,183 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Signet Jewelers by 9.8% during 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 buying an additional 10,964 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of 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 buying an additional 213,365 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SIG shares. Cfra Research raised Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. CL King assumed coverage on shares of Signet Jewelers in a report on Monday, May 5th. They issued a "buy" rating and a $80.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. UBS Group increased their price target on shares of Signet Jewelers from $77.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $62.00 price target on shares of Signet Jewelers in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $80.00.

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.