Public Sector Pension Investment Board Raises Stock Position in Signet Jewelers Limited $SIG

Public Sector Pension Investment Board boosted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 9.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,534 shares of the company’s stock after purchasing an additional 14,291 shares during the period. Public Sector Pension Investment Board’s holdings in Signet Jewelers were worth $15,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SIG. Hood River Capital Management LLC purchased a new position in shares of Signet Jewelers during the 2nd quarter valued at about $56,537,000. Arrowstreet Capital Limited Partnership grew its holdings in Signet Jewelers by 321.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock worth $68,554,000 after acquiring an additional 657,444 shares during the period. Divisadero Street Capital Management LP acquired a new stake in Signet Jewelers during the second quarter worth about $50,342,000. LSV Asset Management raised its position in Signet Jewelers by 263.4% during the third quarter. LSV Asset Management now owns 567,300 shares of the company’s stock valued at $54,415,000 after acquiring an additional 411,200 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Signet Jewelers by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after acquiring an additional 213,365 shares during the period.

Signet Jewelers Stock Up 0.8%

Shares of NYSE SIG opened at $90.08 on Friday. The company’s 50-day simple moving average is $89.32 and its 200-day simple moving average is $91.72. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $110.20. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $0.25 EPS. Signet Jewelers’s quarterly revenue was up 3.1% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Signet Jewelers’s payout ratio is currently 38.21%.

Wall Street Analysts Forecast Growth

SIG has been the topic of a number of analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 price objective (up previously from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd. Jefferies Financial Group raised their price target on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Wells Fargo & Company cut their price objective on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Stephens began coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.