Signet Jewelers (NYSE:SIG) Releases FY 2025 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 9.900-11.520 for the period, compared to the consensus estimate of 10.230. The company issued revenue guidance of $6.7 billion-$7.0 billion, compared to the consensus revenue estimate of $6.8 billion. Signet Jewelers also updated its FY25 guidance to $9.90-11.52 EPS.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SIG. Wells Fargo & Company lowered their target price on Signet Jewelers from $125.00 to $105.00 and set an overweight rating for the company in a research note on Tuesday, August 27th. Citigroup restated a buy rating and set a $119.00 price objective on shares of Signet Jewelers in a research note on Friday, June 14th. UBS Group cut their target price on Signet Jewelers from $145.00 to $132.00 and set a buy rating on the stock in a research report on Wednesday. Telsey Advisory Group decreased their price target on shares of Signet Jewelers from $105.00 to $87.00 and set a market perform rating for the company in a research report on Monday. Finally, StockNews.com lowered shares of Signet Jewelers from a buy rating to a hold rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $108.60.

Signet Jewelers Stock Up 2.4 %

Shares of NYSE:SIG opened at $78.11 on Thursday. The company’s 50-day moving average price is $81.36 and its 200 day moving average price is $92.39. The company has a market cap of $3.48 billion, a PE ratio of 6.35, a P/E/G ratio of 0.83 and a beta of 2.10. Signet Jewelers has a fifty-two week low of $65.12 and a fifty-two week high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. Signet Jewelers’s revenue was down 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Signet Jewelers will post 10.6 EPS for the current year.

Insider Buying and Selling at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,334 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $87.94, for a total transaction of $293,191.96. Following the completion of the sale, the director now owns 29,418 shares in the company, valued at approximately $2,587,018.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,334 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $87.94, for a total transaction of $293,191.96. Following the completion of the sale, the director now directly owns 29,418 shares of the company’s stock, valued at $2,587,018.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joan M. Hilson sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the sale, the insider now owns 189,231 shares of the company’s stock, valued at approximately $17,373,298.11. The disclosure for this sale can be found here. In the last three months, insiders sold 57,439 shares of company stock valued at $4,809,869. 3.26% of the stock is owned by insiders.

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.