Signet Jewelers (NYSE:SIG) Updates FY25 Earnings Guidance

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on Signet Jewelers from $110.00 to $120.00 and gave the stock an overweight rating in a report on Friday, December 22nd. UBS Group increased their target price on Signet Jewelers from $128.00 to $152.00 and gave the stock a buy rating in a report on Thursday. Telsey Advisory Group increased their target price on Signet Jewelers from $100.00 to $110.00 and gave the stock a market perform rating in a report on Thursday. Bank of America decreased their target price on Signet Jewelers from $110.00 to $100.00 and set a neutral rating on the stock in a report on Thursday, March 21st. Finally, StockNews.com cut Signet Jewelers from a buy rating to a hold rating in a report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Signet Jewelers has an average rating of Hold and a consensus price target of $120.20.

Signet Jewelers Stock Down 4.1 %

Signet Jewelers stock opened at $101.74 on Friday. The business’s 50-day simple moving average is $100.48 and its 200 day simple moving average is $90.39. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 1.24 and a beta of 2.13. Signet Jewelers has a 12-month low of $57.10 and a 12-month high of $109.17.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, March 20th. The company reported $6.73 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.40. Signet Jewelers had a return on equity of 32.26% and a net margin of 11.30%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm posted $5.52 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Signet Jewelers will post 10.71 EPS for the current year.

Signet Jewelers Increases Dividend

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

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, insider Oded Edelman sold 7,911 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $105.36, for a total value of $833,502.96. Following the transaction, the insider now owns 33,378 shares of the company’s stock, valued at $3,516,706.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Virginia Drosos sold 35,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $95.93, for a total transaction of $3,357,550.00. Following the sale, the chief executive officer now owns 932,740 shares of the company’s stock, valued at $89,477,748.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Oded Edelman sold 7,911 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $105.36, for a total value of $833,502.96. Following the sale, the insider now directly owns 33,378 shares in the company, valued at approximately $3,516,706.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,435 shares of company stock valued at $8,987,931. 4.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Signet Jewelers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP raised its position in Signet Jewelers by 274.1% in the 1st quarter. Quarry LP now owns 404 shares of the company’s stock valued at $31,000 after buying an additional 296 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of Signet Jewelers by 67.9% during the 1st quarter. Belpointe Asset Management LLC now owns 403 shares of the company’s stock valued at $31,000 after purchasing an additional 163 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Signet Jewelers during the 1st quarter valued at about $51,000. Lazard Asset Management LLC boosted its position in shares of Signet Jewelers by 17.0% during the 3rd quarter. Lazard Asset Management LLC now owns 1,374 shares of the company’s stock valued at $98,000 after purchasing an additional 200 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of Signet Jewelers by 18.5% during the 4th quarter. State of Wyoming now owns 1,565 shares of the company’s stock valued at $106,000 after purchasing an additional 244 shares in the last quarter.

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.