Signet Jewelers (NYSE:SIG) Releases FY25 Earnings Guidance

Signet Jewelers (NYSE:SIG) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $9.08-10.48 for the period, compared to the consensus earnings per share estimate of $10.57. The company issued revenue guidance of $6.66-7.02 billion, compared to the consensus revenue estimate of $7.17 billion. Signet Jewelers also updated its FY 2025 guidance to 9.080-10.480 EPS.

Signet Jewelers Trading Up 1.2 %

Shares of Signet Jewelers stock opened at $91.11 on Friday. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 1.19 and a beta of 2.13. The firm’s 50-day moving average price is $100.15 and its two-hundred day moving average price is $88.69. Signet Jewelers has a 1-year low of $57.10 and a 1-year high of $108.79.

Signet Jewelers (NYSE:SIG) last released its quarterly 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. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company earned $5.52 EPS. Signet Jewelers’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that Signet Jewelers will post 9.45 EPS for the current year.

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, April 25th. Signet Jewelers’s payout ratio is currently 6.14%.

Analyst Ratings Changes

Several research firms have weighed in on SIG. UBS Group lowered their price objective on shares of Signet Jewelers from $138.00 to $134.00 and set a buy rating for the company in a research report on Tuesday. Wells Fargo & Company upped their price objective on Signet Jewelers from $110.00 to $120.00 and gave the stock an overweight rating in a report on Friday, December 22nd. StockNews.com raised Signet Jewelers from a hold rating to a buy rating in a research note on Monday, March 18th. Citigroup raised Signet Jewelers from a neutral rating to a buy rating and upped their price target for the company from $93.00 to $119.00 in a research note on Wednesday, December 6th. Finally, Bank of America dropped their price objective on Signet Jewelers from $110.00 to $100.00 and set a neutral rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $114.60.

Insider Transactions at Signet Jewelers

In related news, insider Oded Edelman sold 7,912 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $100.87, for a total value of $798,083.44. Following the completion of the sale, the insider now owns 25,466 shares in the company, valued at $2,568,755.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Oded Edelman sold 7,912 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $100.87, for a total transaction of $798,083.44. Following the completion of the transaction, the insider now owns 25,466 shares in the company, valued at $2,568,755.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Howard A. Melnick sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $99.60, for a total transaction of $99,600.00. Following the completion of the sale, the insider now directly owns 65,999 shares of the company’s stock, valued at approximately $6,573,500.40. The disclosure for this sale can be found here. Insiders have sold 79,004 shares of company stock worth $7,777,634 in the last three months. Insiders own 4.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in Signet Jewelers by 3.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,256 shares of the company’s stock worth $3,782,000 after purchasing an additional 1,336 shares during the period. Legal & General Group Plc boosted its position in shares of Signet Jewelers by 0.4% during the fourth quarter. Legal & General Group Plc now owns 125,004 shares of the company’s stock worth $13,408,000 after buying an additional 454 shares during the period. Voya Investment Management LLC grew its holdings in shares of Signet Jewelers by 3.0% during the fourth quarter. Voya Investment Management LLC now owns 30,325 shares of the company’s stock worth $3,253,000 after buying an additional 885 shares in the last quarter. Weiss Multi Strategy Advisers LLC raised its position in Signet Jewelers by 25.0% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 33,957 shares of the company’s stock valued at $3,642,000 after buying an additional 6,798 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in Signet Jewelers in the 4th quarter valued at approximately $1,129,000.

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 Jewelers, Zales Outlet, 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.