Tue Sep 17 06:14:50 UTC 2024: ## Signet Jewelers Earnings Estimates Lowered by Telsey Advisory Group

**New York, NY** – Telsey Advisory Group has lowered its earnings per share (EPS) estimates for Signet Jewelers (NYSE:SIG) for the first quarter of 2026. Analyst D. Telsey now anticipates the company will earn $1.36 per share, down from the previous forecast of $1.42.

Despite the lowered estimate, Telsey Advisory Group maintains a “Market Perform” rating and a $87.00 price objective for Signet Jewelers stock. The consensus estimate for the full year remains at $10.47 per share.

Signet Jewelers exceeded analysts’ expectations in its most recent quarterly earnings report, posting $1.25 EPS against an estimated $1.14. However, revenue for the quarter fell 7.6% year-over-year to $1.49 billion, slightly below analysts’ forecast of $1.50 billion.

Signet Jewelers currently trades at $91.88 per share with a market capitalization of $4.10 billion. The company recently announced a quarterly dividend of $0.29 per share, payable on November 22nd to investors of record on October 25th.

**Insider Activity and Institutional Investments:**

Recent insider transactions have seen the sale of a significant number of Signet Jewelers shares. Rebecca Wooters sold 3,000 shares on June 24th and Joan M. Hilson sold 8,000 shares on June 20th.

Institutional investors have also been active in the stock. Nordea Investment Management AB increased its holdings by 25.0% in the first quarter, while Cetera Advisors LLC and Illinois Municipal Retirement Fund purchased new positions in the company.

**Signet Jewelers Limited operates as a diamond jewelry retailer with a diverse portfolio of brands, including Kay Jewelers, Jared The Galleria Of Jewelry, and Zales Jewelers.** The company operates both physical stores and online platforms, catering to a broad customer base.

**Disclaimer:** This news article is based on the provided text and may not reflect all relevant information. Investors should conduct their own research before making any investment decisions.

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