Signet Jewelers (NYSE:SIG) Issues FY26 Earnings Guidance

Signet Jewelers (NYSE:SIG) updated its FY26 earnings guidance on Wednesday. The company provided EPS guidance of $7.31-9.10 for the period, compared to the consensus EPS estimate of $9.00. The company issued revenue guidance of $6.53-6.80 billion, compared to the consensus revenue estimate of $6.74 billion.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SIG. Wells Fargo & Company dropped their price target on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Telsey Advisory Group dropped their price target on Signet Jewelers from $65.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, March 13th. Finally, Bank of America decreased their price objective on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.20.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $48.38 on Wednesday. The stock has a market cap of $2.10 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. The business has a 50-day simple moving average of $55.61 and a 200-day simple moving average of $78.81. 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 (NYSE:SIG) last released its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping analysts’ consensus estimates of $6.39 by $0.23. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. Signet Jewelers’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.73 EPS. On average, equities analysts expect that Signet Jewelers will post 8.73 EPS for the current year.

Insider Buying and Selling

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the transaction, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.26% of the stock is currently 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.