Principal Financial Group Inc. Has $22.45 Million Stake in Signet Jewelers Limited $SIG

Principal Financial Group Inc. boosted its position in shares of Signet Jewelers Limited (NYSE:SIGFree Report) by 35.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,235 shares of the company’s stock after purchasing an additional 70,110 shares during the period. Principal Financial Group Inc.’s holdings in Signet Jewelers were worth $22,449,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in shares of Signet Jewelers in the fourth quarter worth $31,000. Farther Finance Advisors LLC raised its position in Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 124 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers during the fourth quarter valued at $39,000. Northwestern Mutual Wealth Management Co. lifted its stake in Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after acquiring an additional 333 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after acquiring an additional 428 shares in the last quarter.

Signet Jewelers Trading Down 0.1%

Shares of NYSE:SIG opened at $90.39 on Wednesday. The business has a fifty day simple moving average of $84.79 and a 200 day simple moving average of $88.42. Signet Jewelers Limited has a 1 year low of $71.61 and a 1 year high of $110.20. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.95 and a beta of 1.15.

Signet Jewelers (NYSE:SIGGet Free Report) last issued its earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.18. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $1.18 EPS. The business’s revenue was up .8% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, sell-side analysts forecast that Signet Jewelers Limited will post 10.57 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be issued a $0.35 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Signet Jewelers’s dividend payout ratio is currently 13.46%.

Analysts Set New Price Targets

SIG has been the subject of a number of research reports. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Monday, July 6th. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Signet Jewelers in a research report on Friday, May 29th. Wells Fargo & Company restated a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Finally, Citigroup boosted their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.88.

Read Our Latest Research Report on SIG

Signet Jewelers Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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