Signet Jewelers (SIG)


Market Price (8/21/2026): $80.99 | Market Cap: $3.2 BilSector: Consumer Discretionary | Industry: Specialty Stores

Signet Jewelers (SIG)


Market Price (8/21/2026): $80.99
Market Cap: $3.2 Bil
Sector: Consumer Discretionary
Industry: Specialty Stores

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 18%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%

Stock buyback support
Stock Buyback 3Y Total is 1.3 Bil

Low stock price volatility
Vol 12M is 46%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more.

Weak multi-year price returns
2Y Excs Rtn is -31%, 3Y Excs Rtn is -64%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.7%

Key risks
SIG key risks include [1] eroding merchandise margins due to the consumer shift toward cheaper lab-grown diamonds and [2] a noted "engagement trough" specifically depressing its crucial bridal sales category.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 18%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
2 Stock buyback support
Stock Buyback 3Y Total is 1.3 Bil
3 Low stock price volatility
Vol 12M is 46%
4 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -31%, 3Y Excs Rtn is -64%
6 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14%
7 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.7%
8 Key risks
SIG key risks include [1] eroding merchandise margins due to the consumer shift toward cheaper lab-grown diamonds and [2] a noted "engagement trough" specifically depressing its crucial bridal sales category.

SIG in ETFs

Weight = SIG's share of each fund

VTI0.01%
ITOT0.01%
IWM0.11%
IJR0.20%
VYM0.01%
VB0.05%
AVUV0.49%
VIOV0.40%
+13 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/18/2026

Signet Jewelers (SIG) stock has lost about 10% since 4/30/2026 because of the following key factors:

1. Declining Gross Margins and Significant Restructuring Charges in Fiscal Q1 2027.

Despite exceeding EPS expectations for fiscal Q1 2027 (which ended May 2, 2026), Signet Jewelers reported a gross margin of $556.5 million, or 35.8% of sales, representing an approximate $42 million decrease from fiscal Q1 2026. This decline included inventory write-downs related to the transition of its James Allen brand. The company's operating income also fell to $36.9 million from $48.1 million in the prior year's comparable quarter, largely due to $41.7 million in restructuring and related charges primarily associated with the James Allen transition.

2. Weakening Industry Trends and Shifting Consumer Behavior for Traditional Jewelers.

The broader North American jewelry retail sector is experiencing a contraction, with a decrease of 271 retail jewelers year-over-year in fiscal Q2 2026 (ended August 1, 2026). Consumers are increasingly purchasing fewer, but more expensive, pieces of jewelry, a trend referred to as "premiumization," challenging retailers that may rely on higher sales volumes for lower-priced items. Furthermore, record-high gold prices, exceeding $4,000 per ounce, are pressuring profit margins across the industry, leading manufacturers towards lighter designs and lower karat alloys.

Show more
Updated on 8/18/2026

Signet Jewelers (SIG) stock has lost about 10% since 4/30/2026 because of the following key factors:

1. Declining Gross Margins and Significant Restructuring Charges in Fiscal Q1 2027.

Despite exceeding EPS expectations for fiscal Q1 2027 (which ended May 2, 2026), Signet Jewelers reported a gross margin of $556.5 million, or 35.8% of sales, representing an approximate $42 million decrease from fiscal Q1 2026. This decline included inventory write-downs related to the transition of its James Allen brand. The company's operating income also fell to $36.9 million from $48.1 million in the prior year's comparable quarter, largely due to $41.7 million in restructuring and related charges primarily associated with the James Allen transition.

2. Weakening Industry Trends and Shifting Consumer Behavior for Traditional Jewelers.

The broader North American jewelry retail sector is experiencing a contraction, with a decrease of 271 retail jewelers year-over-year in fiscal Q2 2026 (ended August 1, 2026). Consumers are increasingly purchasing fewer, but more expensive, pieces of jewelry, a trend referred to as "premiumization," challenging retailers that may rely on higher sales volumes for lower-priced items. Furthermore, record-high gold prices, exceeding $4,000 per ounce, are pressuring profit margins across the industry, leading manufacturers towards lighter designs and lower karat alloys.

3. Underperformance Relative to the Broader Retail Sector.

Signet's stock demonstrated a notable underperformance compared to its peers and the broader market, dropping by 4.79% in the month leading up to August 18, 2026. This contrasts sharply with the Retail-Wholesale sector, which saw a gain of 2.47%, and the S&P 500, which advanced by 3.96% during the same period. This disparity suggests company-specific or jewelry sub-sector challenges contributing to the stock's decline.

4. Analyst Price Target Adjustments and Hold Ratings.

Following the fiscal Q1 2027 earnings release, some analysts adjusted their outlook for Signet Jewelers. For example, on June 3, 2026, Wells Fargo maintained a "Hold" rating on SIG stock and lowered its price target from $100 to $90. While the overall analyst consensus remained "Buy" as of August 17, 2026, the presence of "Hold" ratings and downward price target revisions contributed to investor caution, especially as the stock traded near or above these revised targets.

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Stock Movement Drivers

Fundamental Drivers

The -8.6% change in SIG stock from 4/30/2026 to 8/20/2026 was primarily driven by a -9.7% change in the company's P/E Multiple.
(LTM values as of)43020268202026Change
Stock Price ($)88.6881.02-8.6%
Change Contribution By: 
Total Revenues ($ Mil)6,8146,8260.2%
Net Income Margin (%)4.3%4.3%-0.8%
P/E Multiple12.311.1-9.7%
Shares Outstanding (Mil)41401.8%
Cumulative Contribution-8.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/20/2026
ReturnCorrelation
SIG-8.6% 
Market (SPY)6.1%32.7%
Sector (XLY)-1.4%46.7%

Fundamental Drivers

The -11.5% change in SIG stock from 1/31/2026 to 8/20/2026 was primarily driven by a -57.0% change in the company's P/E Multiple.
(LTM values as of)13120268202026Change
Stock Price ($)91.5581.02-11.5%
Change Contribution By: 
Total Revenues ($ Mil)6,8216,8260.1%
Net Income Margin (%)2.1%4.3%101.7%
P/E Multiple25.811.1-57.0%
Shares Outstanding (Mil)41402.0%
Cumulative Contribution-11.5%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/20/2026
ReturnCorrelation
SIG-11.5% 
Market (SPY)10.5%40.3%
Sector (XLY)-3.5%44.9%

Fundamental Drivers

The 3.9% change in SIG stock from 7/31/2025 to 8/20/2026 was primarily driven by a 577.7% change in the company's Net Income Margin (%).
(LTM values as of)73120258202026Change
Stock Price ($)77.9781.023.9%
Change Contribution By: 
Total Revenues ($ Mil)6,7356,8261.4%
Net Income Margin (%)0.6%4.3%577.7%
P/E Multiple77.811.1-85.8%
Shares Outstanding (Mil)42406.3%
Cumulative Contribution3.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/20/2026
ReturnCorrelation
SIG3.9% 
Market (SPY)21.7%41.0%
Sector (XLY)6.0%41.0%

Fundamental Drivers

The 5.1% change in SIG stock from 7/31/2023 to 8/20/2026 was primarily driven by a 76.9% change in the company's P/E Multiple.
(LTM values as of)73120238202026Change
Stock Price ($)77.0681.025.1%
Change Contribution By: 
Total Revenues ($ Mil)7,6726,826-11.0%
Net Income Margin (%)7.3%4.3%-41.0%
P/E Multiple6.311.176.9%
Shares Outstanding (Mil)454013.2%
Cumulative Contribution5.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/20/2026
ReturnCorrelation
SIG5.1% 
Market (SPY)72.5%44.8%
Sector (XLY)37.4%45.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SIG Return221%-21%60%-24%4%4%235%
Peers Return56%-29%14%1%49%22%133%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
SIG Win Rate75%42%50%33%67%50% 
Peers Win Rate63%43%52%47%53%55% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SIG Max Drawdown-27%-47%-30%-33%-42%-26% 
Peers Max Drawdown-31%-51%-44%-40%-42%-26% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MOV, FOSL, TPR, CPRI, GIII.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/20/2026 (YTD)

How Low Can It Go

EventSIGS&P 500
2025 US Tariff Shock
  % Loss-16.7%-18.8%
  % Gain to Breakeven20.0%23.1%
  Time to Breakeven6 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.3%-7.8%
  % Gain to Breakeven20.9%8.5%
  Time to Breakeven32 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-11.4%-9.5%
  % Gain to Breakeven12.8%10.5%
  Time to Breakeven12 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.3%-6.7%
  % Gain to Breakeven33.9%7.1%
  Time to Breakeven44 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-45.7%-24.5%
  % Gain to Breakeven84.2%32.4%
  Time to Breakeven561 days427 days
2020 COVID-19 Crash
  % Loss-78.8%-33.7%
  % Gain to Breakeven371.2%50.9%
  Time to Breakeven239 days140 days

Compare to MOV, FOSL, TPR, CPRI, GIII

In The Past

Signet Jewelers's stock fell -16.7% during the 2025 US Tariff Shock. Such a loss loss requires a 20.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSIGS&P 500
2023 SVB Regional Banking Crisis
  % Loss-25.3%-6.7%
  % Gain to Breakeven33.9%7.1%
  Time to Breakeven44 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-45.7%-24.5%
  % Gain to Breakeven84.2%32.4%
  Time to Breakeven561 days427 days
2020 COVID-19 Crash
  % Loss-78.8%-33.7%
  % Gain to Breakeven371.2%50.9%
  Time to Breakeven239 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-53.3%-19.2%
  % Gain to Breakeven114.0%23.8%
  Time to Breakeven807 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-35.4%-3.7%
  % Gain to Breakeven54.7%3.9%
  Time to Breakeven169 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-22.9%-12.2%
  % Gain to Breakeven29.8%13.9%
  Time to Breakeven49 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-31.6%-17.9%
  % Gain to Breakeven46.1%21.8%
  Time to Breakeven92 days123 days
2008-2009 Global Financial Crisis
  % Loss-77.4%-53.4%
  % Gain to Breakeven342.5%114.4%
  Time to Breakeven219 days1085 days
Summer 2007 Credit Crunch
  % Loss-23.7%-8.6%
  % Gain to Breakeven31.0%9.5%
  Time to Breakeven1187 days47 days

Compare to MOV, FOSL, TPR, CPRI, GIII

In The Past

Signet Jewelers's stock fell -16.7% during the 2025 US Tariff Shock. Such a loss loss requires a 20.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Signet Jewelers (SIG)

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Signet Jewelers Limited is a prominent global diamond jewelry retailer. The company's core business involves the sale of diamond jewelry through an extensive network of physical stores and online platforms. Beyond retail, Signet also plays a role in the diamond supply chain by purchasing rough diamonds, converting them into polished stones, and providing diamond polishing services.

Signet serves a broad customer base across two main geographical segments. In North America (United States and Canada), its operations span numerous well-known brands including Kay Jewelers, Jared The Galleria Of Jewelry, Zales Jewelers, Diamonds Direct, James Allen (with a strong online presence), Banter by Piercing Pagoda, and Peoples Jewellers, reaching consumers through mall-based stores, kiosks, off-mall locations, and e-commerce. Internationally, Signet caters to customers in the United Kingdom, Republic of Ireland, and the Channel Islands, primarily through its established H.Samuel and Ernest Jones brands, operating in both shopping malls and off-mall settings.

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AI Analysis | Feedback

Signet Jewelers is like the GAP Inc. of jewelry, owning a portfolio of well-known jewelry store brands like Kay, Zales, and Jared, similar to how GAP Inc. owns Gap, Old Navy, and Banana Republic.

Alternatively, think of Signet as the Luxottica of jewelry, a dominant player that operates many well-known jewelry brands and retail chains, much like Luxottica does for eyewear.

AI Analysis | Feedback

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  • Diamond Jewelry Retail: Signet Jewelers sells a wide range of diamond jewelry, including rings, necklaces, earrings, and bracelets, through its numerous retail brands and online platforms.
  • Jewelry Rental Subscriptions: The company offers a jewelry rental subscription service, allowing customers to rent and try out various jewelry pieces.
  • Diamond Polishing Services: Signet Jewelers provides services for the purchase, conversion, and polishing of rough diamonds into finished stones.
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AI Analysis | Feedback

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Signet Jewelers (SIG) sells primarily to individuals, operating a vast network of retail jewelry stores and e-commerce platforms under various well-known brands. Its major customer categories include:

  • Customers purchasing engagement and wedding jewelry: A significant portion of Signet's business caters to individuals seeking engagement rings, wedding bands, and other bridal jewelry, often for life milestones.

  • Gift-givers for special occasions: Individuals purchasing jewelry as gifts for birthdays, anniversaries, holidays, graduations, and other celebratory events.

  • Individuals purchasing jewelry for personal adornment and self-purchase: Customers acquiring jewelry for themselves, ranging from fashion pieces and everyday wear to statement items and personalized accessories.

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AI Analysis | Feedback

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AI Analysis | Feedback

J.K. Symancyk

Chief Executive Officer

J.K. Symancyk is the Chief Executive Officer of Signet Jewelers, appointed in November 2024. He brings over 30 years of industry experience, including six years as CEO of PetSmart, a retailer focused on connecting the business to consumers. Mr. Symancyk is a member of the Retail Industry Leaders Association and serves on the Board of Directors of Bath & Body Works, Inc. He previously served as a director at Chewy, Inc., and GameStop Corp.

Joan Hilson

Chief Operating and Financial Officer

Joan Hilson serves as the Chief Operating and Financial Officer of Signet Jewelers. She joined Signet as CFO in April 2019, with her role expanding to include Chief Operating Officer in November 2024. Ms. Hilson has over 35 years of experience in retail corporate finance leadership. Prior to Signet, she was the Chief Financial and Operating Officer of David's Bridal from March 2014 to February 2019. She also served as the CFO of American Eagle Outfitters from 2005 to 2012 and held various leadership positions, including CFO of the Victoria's Secret stores division, within L Brands. Earlier in her career, Ms. Hilson started at Coopers & Lybrand and then worked at Sterling Jewelers, where the company grew significantly from 100 to approximately 1,000 stores during her tenure. She currently serves on the board of Advance Auto Parts.

Stacee Johnson-Williams

Chief Merchandise Operations and Sourcing Officer

Stacee Johnson-Williams is the Chief Merchandise Operations and Sourcing Officer for Signet Jewelers, where she leads central sourcing and the core merchandising team. She previously served as interim President of Kay Jewelers and Peoples Jewellers. Since joining Signet in 2011, Ms. Johnson-Williams has held various leadership positions in merchandising, inventory management, and innovation across several of Signet's brands, including President of Banter by Piercing Pagoda and Managing Director of Peoples Jewellers.

Lisa Laich

Chief Marketing Officer

Lisa Laich serves as the Chief Marketing Officer at Signet Jewelers. With over two decades of experience in brand elevation, she collaborates with Signet's consumer brands to develop creative content and marketing strategies. Most recently, Ms. Laich was the Vice President of Global Marketing at Crocs, where she was responsible for overseeing digital and brand marketing for both Crocs and HEYDUDE.

Karen Cho

Chief People Officer

Karen Cho is the Chief People Officer at Signet Jewelers, where she is responsible for overseeing the team member experience for the company's global workforce of over 25,000 individuals. She possesses more than 30 years of retail experience, having worked in merchant, operations, and human resources roles. Before joining Signet, Ms. Cho served as the Chief Human Resources Officer for Designer Brands for 10 years. Her career began as a Merchant with May Department Stores, and she later transitioned to human resources when she joined Apple to help establish their retail organization.

AI Analysis | Feedback

Here are the key risks to Signet Jewelers (SIG):

  1. Reliance on Consumer Confidence and Discretionary Spending: Signet Jewelers' performance is highly dependent on overall U.S. consumer confidence and the health of the economy, as jewelry is primarily a discretionary purchase. Any decline in consumer spending, particularly during crucial shopping periods, or a general reduction in purchasing power within the mid-market segment, could significantly and negatively impact the company's sales and financial results.
  2. Theft, Fraud, and Security Incidents: Operating within the jewelry retail sector inherently exposes Signet Jewelers to substantial risks related to theft, fraud, and other security breaches. The company's high-value inventory makes its physical stores and products attractive targets for various forms of criminal activity, including robbery, burglary, shoplifting, and internal theft. Such incidents can result in significant financial losses and harm to the company's physical and intellectual property.
  3. Intense Competition and Evolving Consumer Preferences: The jewelry industry is highly competitive, with a constant influx of new market entrants and the availability of cheaper imitation products. Furthermore, changing consumer preferences, particularly the growing acceptance and availability of lab-grown diamonds (LGDs) at lower price points, pose a risk to the demand and margins of traditional diamond jewelry, impacting Signet's competitive position and profitability.

AI Analysis | Feedback

The accelerating shift in consumer preference towards lab-grown diamonds (LGDs) represents a clear emerging threat. While Signet Jewelers offers LGDs across some of its brands, the rapid increase in LGD availability, improving quality, lower price points, and enhanced ethical/environmental perceptions could significantly erode the market share and perceived value of natural diamonds, which are a core component of Signet's traditional business model. This trend has the potential to compress margins for diamond jewelry across the industry and fundamentally alter consumer expectations and purchasing habits for engagement rings and other diamond products.

AI Analysis | Feedback

Signet Jewelers operates in several addressable markets for its main products and services:

  • North America Diamond Jewelry Market: The diamond jewelry market in North America generated a revenue of approximately USD 47,541.0 million in 2023. This market is projected to reach approximately USD 63,570.7 million by 2030, with a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030.

  • United Kingdom Jewelry Market: The jewelry market size in the UK was estimated at USD 5.76 billion in 2024. It is projected to reach USD 9.41 billion by 2033, growing at a CAGR of 5.7% from 2025 to 2033.

  • Republic of Ireland and Channel Islands Jewelry Market: Information on the specific addressable market sizes for jewelry in the Republic of Ireland and the Channel Islands is not readily available.

  • Global Rough Diamond Market: The global rough diamonds market size was valued at approximately USD 15.8 billion in 2023. This market is estimated to be valued at USD 15.8 billion in 2025 and is expected to reach USD 23.5 billion by 2032, growing at a CAGR of 6.5% from 2025 to 2032.

AI Analysis | Feedback

Signet Jewelers (NYSE: SIG) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives:
  • Recovery in Engagement Rates

    Bridal jewelry constitutes a significant portion of Signet's revenue, and the company anticipates a recovery in engagement rates. Fiscal Year 2024 was projected as the trough for engagements, with a return to growth expected in Fiscal Year 2025 and normalization in Fiscal Year 2026. This anticipated rebound in the bridal market is a key driver for future sales.
  • Growth in Higher-Margin Services

    Signet has identified a substantial opportunity in expanding its service offerings, such as jewelry cleaning and repair. The company projects a potential of $1 billion in growth from these higher-margin services, aligning with its strategy to increase sales and enhance customer retention.
  • Expansion in Fashion Jewelry and Lab-Grown Diamonds

    The company is focusing on diversifying its product portfolio by introducing more style and design-led products to boost self-purchases and gifting in the fashion jewelry market. New product designs have already shown significant traction. Additionally, the adoption of lab-grown diamonds (LGDs) is a noted growth driver, positively impacting both fashion and bridal average unit retail.
  • Connected Commerce and Digital Transformation

    Signet is actively implementing a "Connected Commerce" strategy to integrate its physical and digital retail channels, aiming to provide a seamless customer journey. This includes substantial investments in digital and technology enhancements, such as AI-driven search tools and personalized digital storefronts, to enhance customer engagement and drive online sales.
  • Store Portfolio Optimization

    The company plans to optimize its physical store footprint by renovating approximately 300 stores and strategically relocating nearly 200 high-performing stores from malls to off-mall locations within the next two to three years. This initiative, alongside evaluating underperforming locations for potential closure, aims to enhance the customer experience and improve accessibility, thereby driving revenue.

AI Analysis | Feedback

Share Repurchases

  • Signet Jewelers repurchased approximately 1.6 million shares for $138.0 million during Fiscal Year 2025.
  • In Q1 Fiscal Year 2026, the company repurchased approximately 2.1 million shares for $117 million.
  • As of the end of Fiscal Year 2025, Signet had approximately $723.0 million remaining in its share repurchase authorization.

Share Issuance

  • Signet repurchased half of its Series A Convertible Preference Shares for approximately $414 million in cash in April 2024, which immediately reduced diluted share count by approximately 4.1 million shares.
  • The company fully redeemed all convertible preferred shares.

Outbound Investments

  • In August 2022, Signet Jewelers acquired Blue Nile for $360 million in cash to expand its bridal offerings and digital leadership.
  • Prior to August 2022, the company acquired Diamonds Direct for $490 million.

Capital Expenditures

  • Capital expenditures for Fiscal Year 2025 totaled $153.0 million.
  • Planned capital expenditures for Fiscal Year 2026 are approximately $145 million to $160 million.
  • A primary focus for capital expenditures in Fiscal Year 2025 and 2026 includes store enhancements and renovations for brands like Kay, Jared, and Diamonds Direct, as well as investments in digital capabilities and new store openings.

Better Bets vs. Signet Jewelers (SIG)

Peer Outperformance in Specialty Stores

SIG has outperformed 67% of its 6 Specialty Stores peers over 5Y. Specialty Stores ranks 6th of 23 industries in Consumer Discretionary by median 5Y return.
Share of Specialty Stores constituents that SIG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
50%
of 6 industry peers · 2.5% return
3Y
33%
of 6 industry peers · 15.7% return
5Y
67%
of 6 industry peers · 22.8% return
No Specialty Stores peer with a comparable growth profile has beaten SIG by more than 20pp over 5Y.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Specialty Stores is SIG's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 -14.8%105.2%68.8% LINC 330% · CVSA 256% · UTI 254%
Homebuilding 18 -0.5%29.9%53.4% GRBK 182% · TOL 157% · PHM 154%
Hotels, Resorts & Cruise Lines 22 21.0%55.3%18.4% RCL 278% · MAR 184% · HLT 174%
Automotive Retail 18 -11.8%3.1%16.0% MUSA 273% · PAG 187% · ORLY 120%
Home Improvement Retail 5 -14.5%2.5%9.4% HD 15% · LOW 15% · HVT 9%
Specialty Stores ← 7 2.5%22.4%7.0% DKS 91% · ASO 28% · SIG 23%
Casinos & Gaming 20 -7.5%-24.0%3.6% BRAG 963% · MCRI 118% · RSI 112%
Specialized Consumer Services 10 -8.8%18.3%-3.2% HRB 146% · FTDR 97% · SCI 42%
Distributors 4 -5.4%-23.9%-8.7% ARMK 163% · GPC 24% · LKQ -41%
Restaurants 34 -6.5%-8.6%-8.9% EAT 363% · CAKE 183% · RAVE 167%
Home Furnishings 4 1.7%27.7%-13.2% SGI 59% · LZB 7% · MHK -34%
Footwear 9 67.2%42.8%-13.3% WEYS 152% · SHOO 27% · DECK 23%
Leisure Products 13 -0.7%-20.5%-30.7% GOLF 86% · HAS 19% · MCFT 4%
Automotive Parts & Equipment 38 -7.0%-5.2%-32.8% MOD 1392% · GTX 293% · STRT 100%
Apparel, Accessories & Luxury Goods 27 4.7%-5.1%-36.0% TPR 264% · RL 254% · ELA 236%
Household Appliances 17 10.1%37.5%-38.1% KEQU 173% · FLXS 147% · HBB 126%
Leisure Facilities 12 -10.1%-9.1%-40.8% OSW 184% · JAKK 115% · ESCA 10%
Apparel Retail 25 1.0%1.9%-42.1% DXLG 192% · ANF 176% · TJX 104%
Broadline Retail 15 6.9%10.5%-49.2% DDS 284% · AMZN 63% · EBAY 56%
Computer & Electronics Retail 3 -16.4%-2.4%-54.7% BBY -4% · GME -55% · UPBD -61%
Automobile Manufacturers 8 -68.7%-67.6%-68.7% GM 84% · TSLA 52% · F 52%
Consumer Electronics 11 -21.9%-28.3%-74.5% AXIL 2037% · GRMN 90% · TBCH -55%
Other Specialty Retail 18 -28.4%-44.9%-77.6% BBW 209% · TLF 107% · WINA 92%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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Financials

SIGMOVFOSLTPRCPRIGIIIMedian
NameSignet J.Movado Fossil Tapestry Capri G-III Ap. 
Mkt Price81.0235.345.58129.8213.7733.1834.26
Mkt Cap3.20.80.326.11.61.41.5
Rev LTM6,8266829858,0043,4462,9093,178
Op Inc LTM49137201,91481233157
FCF LTM56868-411,81283168125
FCF 3Y Avg54147-121,351133298215
CFO LTM70972-381,978158203181
CFO 3Y Avg68554-61,484233333283

Growth & Margins

SIGMOVFOSLTPRCPRIGIIIMedian
NameSignet J.Movado Fossil Tapestry Capri G-III Ap. 
Rev Chg LTM1.4%4.8%-9.1%14.2%-3.5%-7.8%-1.1%
Rev Chg 3Y Avg-3.7%-1.9%-14.5%6.5%-13.3%-2.5%-3.1%
Rev Chg Q0.8%8.1%-4.9%8.9%-3.5%-8.2%-1.4%
QoQ Delta Rev Chg LTM0.2%1.6%-1.1%2.0%-0.8%-1.6%-0.3%
Op Inc Chg LTM-3.8%101.0%3.9%50.8%-35.7%-21.2%0.1%
Op Inc Chg 3Y Avg-12.8%-4.7%6.4%19.8%-49.9%8.3%0.9%
Op Mgn LTM7.2%5.4%2.0%23.9%2.4%8.0%6.3%
Op Mgn 3Y Avg7.7%4.7%-0.6%19.7%4.5%8.9%6.2%
QoQ Delta Op Mgn LTM-0.4%0.9%-0.8%1.7%0.1%2.7%0.5%
CFO/Rev LTM10.4%10.6%-3.8%24.7%4.6%7.0%8.7%
CFO/Rev 3Y Avg10.0%8.1%-1.0%20.3%6.4%10.8%9.0%
FCF/Rev LTM8.3%9.9%-4.2%22.6%2.4%5.8%7.0%
FCF/Rev 3Y Avg7.9%7.1%-1.5%18.5%3.7%9.7%7.5%

Valuation

SIGMOVFOSLTPRCPRIGIIIMedian
NameSignet J.Movado Fossil Tapestry Capri G-III Ap. 
Mkt Cap3.20.80.326.11.61.41.5
P/S0.51.10.33.30.50.50.5
P/Op Inc6.621.516.813.719.66.015.2
P/EBIT7.918.8-24.813.619.67.610.8
P/E11.124.5-4.717.110.411.111.1
P/CFO4.610.9-8.713.210.16.98.5
Total Yield10.6%9.0%-21.2%7.1%9.6%9.3%9.2%
Dividend Yield1.6%4.9%0.0%1.2%0.0%0.3%0.8%
FCF Yield 3Y Avg14.9%7.1%-2.0%7.9%4.9%25.8%7.5%
D/E0.40.11.00.20.90.20.3
Net D/E0.2-0.20.80.10.8-0.10.1

Returns

SIGMOVFOSLTPRCPRIGIIIMedian
NameSignet J.Movado Fossil Tapestry Capri G-III Ap. 
1M Rtn-9.9%-6.8%34.5%-8.7%-13.6%-7.2%-7.9%
3M Rtn-0.1%29.9%36.8%-6.4%-25.1%9.2%4.6%
6M Rtn-14.1%45.4%29.2%-14.3%-35.5%5.6%-4.2%
12M Rtn2.5%129.6%88.5%33.0%-31.7%29.6%31.3%
3Y Rtn15.7%59.7%167.0%312.9%-73.4%66.7%63.2%
1M Excs Rtn-12.1%-8.0%32.2%-11.6%-16.7%-9.1%-10.3%
3M Excs Rtn0.8%29.0%38.5%-6.9%-25.6%9.5%5.1%
6M Excs Rtn-25.5%34.0%17.8%-25.6%-46.9%-5.7%-15.6%
12M Excs Rtn-18.0%111.4%57.4%15.1%-50.6%9.3%12.2%
3Y Excs Rtn-63.9%-17.3%106.8%222.3%-145.7%-12.5%-14.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2026202520242023
Bridal2,8642,8603,1243,486
Fashion2,6302,6392,7623,044
Services804745742707
Watches350318346386
Other166141198220
Total6,8146,7047,1717,842


Operating Income by Segment
$ Mil20182017201620152014
Sterling Jewelers576716719624 
Zale Jewelry676244-2 
UK Jewelry33466252 
Piercing Pagoda13118-6 
Other-109-72-128-92 
Unallocated    -25
United Kingdom    42
United States    553
Total580763704577570


Assets by Segment
$ Mil20182017201620152014
Sterling Jewelers3,2794,0153,7883,647 
Zale Jewelry1,8791,9411,9551,904 
UK Jewelry420373428414 
Piercing Pagoda150142142133 
Other110128162230 
Unallocated    234
United Kingdom    485
United States    3,311
Total5,8406,5986,4746,3284,029


Price Behavior

Price Behavior
Market Price$81.02 
Market Cap ($ Bil)3.2 
First Trading Date10/31/1994 
Distance from 52W High-22.7% 
   50 Days200 Days
DMA Price$88.96$89.03
DMA Trenddownup
Distance from DMA-8.9%-9.0%
 3M1YR
Volatility40.1%46.0%
Downside Capture140.26162.36
Upside Capture123.00130.69
Correlation (SPY)26.0%40.0%
SIG Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.720.420.861.311.411.43
Up Beta-4.20-0.960.341.031.401.73
Down Beta-1.061.030.531.331.581.07
Up Capture100%82%116%143%155%230%
Bmk +ve Days11223567138427
Stock +ve Days13213261124371
Down Capture-23%38%111%138%124%108%
Bmk -ve Days11212859114326
Stock -ve Days9223164126380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SIG
SIG1.2%45.9%0.16-
Sector ETF (XLY)2.1%19.6%-0.0140.2%
Equity (SPY)20.3%12.9%1.1640.5%
Gold (GLD)36.2%28.7%1.079.5%
Commodities (DBC)44.1%20.2%1.69-30.4%
Real Estate (VNQ)13.3%13.8%0.6637.5%
Bitcoin (BTCUSD)-38.8%43.2%-1.0121.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SIG
SIG4.8%52.8%0.28-
Sector ETF (XLY)5.9%24.1%0.2049.8%
Equity (SPY)12.8%17.2%0.5747.5%
Gold (GLD)20.4%18.6%0.893.5%
Commodities (DBC)10.2%19.6%0.407.2%
Real Estate (VNQ)2.4%18.9%0.0235.8%
Bitcoin (BTCUSD)9.3%52.7%0.3623.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SIG
SIG1.4%65.3%0.31-
Sector ETF (XLY)12.3%22.2%0.5145.1%
Equity (SPY)15.2%17.9%0.7244.5%
Gold (GLD)12.4%16.2%0.63-2.8%
Commodities (DBC)8.1%18.1%0.3716.0%
Real Estate (VNQ)4.9%20.7%0.2037.9%
Bitcoin (BTCUSD)61.0%66.1%1.0115.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity5.5 Mil
Short Interest: % Change Since 71520262.1%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest7.1 days
Basic Shares Quantity40.0 Mil
Short % of Basic Shares13.9%

Earnings Returns History

Updated 7/7/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/2/20263.7%-0.3%-0.2%
3/19/202613.7%14.1%20.1%
12/2/2025-6.8%-8.8%-10.0%
9/2/20252.7%5.2%8.9%
6/3/202512.5%19.3%25.7%
3/19/202517.3%24.8%13.7%
12/5/2024-11.9%-13.9%-22.6%
9/12/202411.3%19.2%23.9%
...
SUMMARY STATS   
# Positive151114
# Negative91310
Median Positive9.1%15.5%11.4%
Median Negative-10.7%-8.0%-9.1%
Max Positive20.2%24.8%25.7%
Max Negative-14.9%-17.2%-22.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/2/20263.7%-0.3%-0.2%
3/19/202613.7%14.1%20.1%
12/2/2025-6.8%-8.8%-10.0%
9/2/20252.7%5.2%8.9%
6/3/202512.5%19.3%25.7%
3/19/202517.3%24.8%13.7%
12/5/2024-11.9%-13.9%-22.6%
9/12/202411.3%19.2%23.9%
6/13/2024-14.9%-15.2%-20.1%
3/20/2024-12.1%-4.2%-8.3%
12/5/20235.9%15.5%16.5%
8/31/20235.0%5.7%0.5%
6/8/2023-10.7%-17.2%3.5%
3/16/202311.3%9.1%9.0%
12/6/202220.2%18.7%16.1%
9/1/2022-12.0%-11.3%-12.5%
6/9/20229.1%-1.0%-12.7%
3/17/20227.0%1.2%-0.2%
12/2/2021-5.1%-4.1%-6.4%
9/2/20215.7%-3.9%1.1%
6/10/202114.0%23.5%25.5%
3/18/20213.4%-11.5%6.9%
12/3/2020-1.1%-8.0%-7.2%
9/3/2020-3.9%-5.1%4.9%
SUMMARY STATS   
# Positive151114
# Negative91310
Median Positive9.1%15.5%11.4%
Median Negative-10.7%-8.0%-9.1%
Max Positive20.2%24.8%25.7%
Max Negative-14.9%-17.2%-22.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
04/30/202606/02/202610-Q
01/31/202603/19/202610-K
10/31/202512/05/202510-Q
07/31/202509/05/202510-Q
04/30/202506/03/202510-Q
01/31/202503/19/202510-K
10/31/202412/05/202410-Q
07/31/202409/12/202410-Q
04/30/202406/13/202410-Q
01/31/202403/21/202410-K
10/31/202312/05/202310-Q
07/31/202308/31/202310-Q
04/30/202306/08/202310-Q
01/31/202303/16/202310-K
10/31/202212/06/202210-Q
07/31/202209/01/202210-Q
Collapse to Preview
Report DateFiling DateFiling
04/30/202606/02/202610-Q
01/31/202603/19/202610-K
10/31/202512/05/202510-Q
07/31/202509/05/202510-Q
04/30/202506/03/202510-Q
01/31/202503/19/202510-K
10/31/202412/05/202410-Q
07/31/202409/12/202410-Q
04/30/202406/13/202410-Q
01/31/202403/21/202410-K
10/31/202312/05/202310-Q
07/31/202308/31/202310-Q
04/30/202306/08/202310-Q
01/31/202303/16/202310-K
10/31/202212/06/202210-Q
07/31/202209/01/202210-Q
04/30/202206/09/202210-Q
01/31/202203/17/202210-K
10/31/202112/02/202110-Q
07/31/202109/02/202110-Q
04/30/202106/10/202110-Q
01/31/202103/19/202110-K
10/31/202012/03/202010-Q
07/31/202009/03/202010-Q
04/30/202007/01/202010-Q
01/31/202003/26/202010-K
10/31/201912/05/201910-Q
07/31/201909/05/201910-Q

Recent Forward Guidance

Updated 7/27/2026

Latest: Q1 2027 Earnings Reported 6/2/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2027 Total Sales1.50 Bil1.51 Bil1.53 Bil-2.3% LoweredGuidance: 1.55 Bil for Q1 2027
Q2 2027 Same Store Sales0.010.010.03 0.0%AffirmedGuidance: 0.01 for Q1 2027
Q2 2027 Adjusted Operating Income79.00 Mil86.00 Mil93.00 Mil20.3% RaisedGuidance: 71.50 Mil for Q1 2027
Q2 2027 Adjusted EBITDA125.00 Mil132.00 Mil139.00 Mil12.3% RaisedGuidance: 117.50 Mil for Q1 2027
2027 Total Sales6.70 Bil6.80 Bil6.90 Bil0.7% RaisedGuidance: 6.75 Bil for 2027
2027 Same Store Sales-0.010.010.03 0.2%RaisedGuidance: 0.01 for 2027
2027 Adjusted Operating Income480.00 Mil520.00 Mil560.00 Mil1.0% RaisedGuidance: 515.00 Mil for 2027
2027 Adjusted EBITDA665.00 Mil705.00 Mil745.00 Mil0.7% RaisedGuidance: 700.00 Mil for 2027
2027 Adjusted Diluted EPS9.210.1113.4% RaisedGuidance: 9.77 for 2027
2027 Capital Expenditures150.00 Mil165.00 Mil180.00 Mil0.0% AffirmedGuidance: 165.00 Mil for 2027

Prior: Q4 2026 Earnings Reported 3/19/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Total sales1.53 Bil1.55 Bil1.57 Bil-32.8% Lower NewGuidance: 2.31 Bil for Q4 2026
Q1 2027 Same store sales0.010.010.03 3.8%Higher NewGuidance: -0.02 for Q4 2026
Q1 2027 Adjusted operating income66.00 Mil71.50 Mil77.00 Mil-76.3% Lower NewGuidance: 302.00 Mil for Q4 2026
Q1 2027 Adjusted EBITDA112.00 Mil117.50 Mil123.00 Mil-66.3% Lower NewGuidance: 349.00 Mil for Q4 2026
2027 Total sales6.60 Bil6.75 Bil6.90 Bil-0.2% Lower NewGuidance: 6.76 Bil for 2026
2027 Same store sales-0.010.010.03 -0.2%Lower NewGuidance: 0.01 for 2026
2027 Adjusted operating income470.00 Mil515.00 Mil560.00 Mil5.1% Higher NewGuidance: 490.00 Mil for 2026
2027 Adjusted EBITDA655.00 Mil700.00 Mil745.00 Mil3.7% Higher NewGuidance: 675.00 Mil for 2026
2027 Adjusted diluted EPS8.89.7710.78.4% Higher NewGuidance: 9.01 for 2026
2027 Capital Expenditures150.00 Mil165.00 Mil180.00 Mil8.2% Higher NewGuidance: 152.50 Mil for 2026

Q3 2026 Earnings Reported 12/2/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Total sales2.24 Bil2.31 Bil2.37 Bil69.5% Higher NewActual: 1.36 Bil for Q3 2026
Q4 2026 Same store sales-0.05-0.020.01 -2.2%Lower NewActual: 0 for Q3 2026
Q4 2026 Adjusted operating income277.00 Mil302.00 Mil327.00 Mil2920.0% Higher NewActual: 10.00 Mil for Q3 2026
Q4 2026 Adjusted EBITDA324.00 Mil349.00 Mil374.00 Mil523.2% Higher NewActual: 56.00 Mil for Q3 2026
2026 Total sales6.70 Bil6.76 Bil6.83 Bil0.3% RaisedGuidance: 6.75 Bil for 2026
2026 Same store sales-00.010.02 0.3%RaisedGuidance: 0.01 for 2026
2026 Adjusted operating income465.00 Mil490.00 Mil515.00 Mil2.1% RaisedGuidance: 480.00 Mil for 2026
2026 Adjusted EBITDA650.00 Mil675.00 Mil700.00 Mil1.5% RaisedGuidance: 665.00 Mil for 2026
2026 Adjusted diluted EPS8.439.019.592.3% RaisedGuidance: 8.8 for 2026
2026 Capital expenditures145.00 Mil152.50 Mil160.00 Mil0.0% AffirmedGuidance: 152.50 Mil for 2026
2026 Annual tax rate23.0%24.0%25.0%   

Insider Activity

Updated 6/30/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tilzer, Brian A DirectSell326202688.967,000622,7201,120,111Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tilzer, Brian A DirectSell326202688.967,000622,7201,120,111Form

Investor Activity (13F)

Updated Aug 21, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Summit Street Capital Management, LLC$23.6 Mil3.3%31Hold13F
Permit Capital, LLC$6.9 Mil2.3%19Hold13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Khrom Capital Management LLC$32.1 Mil3.3%14Exited13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Summit Street Capital Management, LLC$23.6 Mil3.3%31Hold13F
Permit Capital, LLC$6.9 Mil2.3%19Hold13F
Core Cache Last Updated: 8/20/2026