Signet Jewelers (NYSE:SIG) Updates 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 guidance of 9.900-11.520 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

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

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $78.11 on Thursday. The stock’s 50-day moving average is $81.36 and its 200-day moving average is $92.39. The company has a market cap of $3.48 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.83 and a beta of 2.10. Signet Jewelers has a 52-week low of $65.12 and a 52-week high of $112.06.

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

Insider Activity at Signet Jewelers

In related news, insider Joan M. Hilson sold 8,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $91.81, for a total value of $734,480.00. Following the completion of the transaction, the insider now directly owns 189,231 shares of the company’s stock, valued at $17,373,298.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Rebecca Wooters sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $90.34, for a total transaction of $271,020.00. Following the completion of the transaction, the insider now owns 90,494 shares in the company, valued at approximately $8,175,227.96. The transaction was disclosed in a 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 on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total value of $734,480.00. Following the completion of the sale, the insider now owns 189,231 shares in the company, valued at $17,373,298.11. The disclosure for this sale can be found here. Insiders have sold 57,439 shares of company stock worth $4,809,869 over the last three months. Company insiders own 3.26% of the company’s stock.

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.