Sei Investments Co. Boosts Stake in Signet Jewelers Limited $SIG

Sei Investments Co. lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIGFree Report) by 34.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,777 shares of the company’s stock after buying an additional 37,828 shares during the period. Sei Investments Co.’s holdings in Signet Jewelers were worth $12,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in shares of Signet Jewelers by 3.1% during the fourth quarter. CIBC Asset Management Inc now owns 4,072 shares of the company’s stock valued at $337,000 after purchasing an additional 121 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Signet Jewelers by 48.6% during the 4th 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. State of Alaska Department of Revenue grew its holdings in shares of Signet Jewelers by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company’s stock worth $1,727,000 after acquiring an additional 138 shares during the period. Amundi grew its holdings in shares of Signet Jewelers by 1.9% in the third quarter. Amundi now owns 7,358 shares of the company’s stock worth $689,000 after acquiring an additional 140 shares during the period. Finally, Xponance LLC boosted its position in Signet Jewelers by 4.6% in the fourth quarter. Xponance LLC now owns 3,450 shares of the company’s stock worth $286,000 after purchasing an additional 152 shares during the last quarter.

Signet Jewelers Trading Down 3.3%

NYSE SIG opened at $92.75 on Friday. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $110.20. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.00 and a beta of 1.15. The company’s 50 day moving average is $87.39 and its two-hundred day moving average is $88.75.

Signet Jewelers (NYSE:SIGGet Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Sell-side analysts forecast that Signet Jewelers Limited will post 10.65 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, July 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Signet Jewelers’s payout ratio is 19.64%.

Analyst Upgrades and Downgrades

SIG has been the subject of a number of recent research reports. UBS Group cut their price target on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a research note on Friday, May 29th. Citigroup increased their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Raymond James Financial began coverage on shares of Signet Jewelers in a research note on Thursday, July 23rd. They set an “outperform” rating and a $105.00 price target on the stock. Finally, Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

View Our Latest Report on Signet Jewelers

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.

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

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