Signet Jewelers (NYSE:SIG) Issues FY25 Earnings Guidance

Signet Jewelers (NYSE:SIG) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $9.90-11.52 for the period, compared to the consensus EPS estimate of $9.72.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SIG. Telsey Advisory Group lifted their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a market perform rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the company an overweight rating in a research report on Friday, December 22nd. Bank of America reduced their price target on shares of Signet Jewelers from $110.00 to $100.00 and set a neutral rating on the stock in a research report on Thursday, March 21st. UBS Group lifted their price target on shares of Signet Jewelers from $128.00 to $152.00 and gave the company a buy rating in a research report on Thursday. Finally, StockNews.com cut shares of Signet Jewelers from a buy rating to a hold rating in a research report on Tuesday, March 26th. 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 MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $120.20.

Signet Jewelers Trading Down 4.1 %

NYSE SIG opened at $101.74 on Friday. The company’s fifty day simple moving average is $100.48 and its 200-day simple moving average is $90.39. Signet Jewelers has a 52 week low of $57.10 and a 52 week high of $109.17. The stock has a market cap of $4.51 billion, a P/E ratio of 6.79, a PEG ratio of 1.24 and a beta of 2.13.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, March 20th. The company reported $6.73 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.40. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Signet Jewelers had a net margin of 11.30% and a return on equity of 32.26%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.52 earnings per share. On average, research analysts expect that Signet Jewelers will post 10.71 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.23. Signet Jewelers’s payout ratio is 6.14%.

Insider Buying and Selling

In related news, insider Howard A. Melnick sold 1,000 shares of Signet Jewelers stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $99.60, for a total value of $99,600.00. Following the completion of the sale, the insider now owns 65,999 shares in the company, valued at $6,573,500.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Howard A. Melnick sold 1,000 shares of Signet Jewelers stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $99.60, for a total value of $99,600.00. Following the completion of the sale, the insider now owns 65,999 shares in the company, valued at $6,573,500.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William Brace sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $99.00, for a total transaction of $297,000.00. Following the sale, the insider now owns 75,664 shares of the company’s stock, valued at approximately $7,490,736. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,435 shares of company stock worth $8,987,931. Insiders own 4.54% of the company’s stock.

Institutional Trading of Signet Jewelers

Several institutional investors have recently added to or reduced their stakes in SIG. Millennium Management LLC increased its stake in Signet Jewelers by 857.4% during the fourth quarter. Millennium Management LLC now owns 457,101 shares of the company’s stock valued at $31,083,000 after purchasing an additional 409,355 shares during the last quarter. Norges Bank acquired a new position in Signet Jewelers during the 4th quarter valued at about $21,605,000. Renaissance Technologies LLC bought a new position in Signet Jewelers in the 1st quarter worth about $17,484,000. Alliancebernstein L.P. increased its stake in shares of Signet Jewelers by 103.1% in the second quarter. Alliancebernstein L.P. now owns 398,997 shares of the company’s stock valued at $26,039,000 after purchasing an additional 202,579 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Signet Jewelers by 2,508.5% in the first quarter. Envestnet Asset Management Inc. now owns 202,289 shares of the company’s stock valued at $437,000 after purchasing an additional 194,534 shares during the period.

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.