11:30 AM EDT, 06/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target at $100, applying a forward P/E of 9.3x our FY 27 (Jan) earnings estimate compared to the three-year historical average at 11.6x and five-year average at 10.9x. The industry mean peer average is 11.7x. Following a strong earnings beat of +13% vs. the consensus in Q1 FY 27, we raise our FY 27 EPS estimate to $10.80 (prior $10.51) and increase FY 28's to $12.50 ($11.25). Our revenue projections are $6.84B in FY 27 and $7.0B in FY 28. SIG's physical stores delivered 3.8% same-store sales growth in Q1 FY 27, sharply outperforming the 4.9% decline in e-commerce and demonstrating that well-located, experiential jewelry stores are delivering. The $100M cost saving program provides margin expansion runway with 150 bps of operating margin expansion potential, a buffer to higher input costs and promotional intensity. SG&A expenses declined to 32.8% of total sales in Q1 FY 27 from 34.1% a year ago. We are monitoring digital strategy challenges in e-commerce that need improvement.