Engineers Gate Manager LP Has $2.47 Million Stock Position in Signet Jewelers Limited $SIG

Engineers Gate Manager LP increased its stake in Signet Jewelers Limited (NYSE:SIGFree Report) by 125.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,610 shares of the company’s stock after purchasing an additional 15,926 shares during the period. Engineers Gate Manager LP’s holdings in Signet Jewelers were worth $2,466,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Arizona State Retirement System grew its stake in Signet Jewelers by 7.2% during the second quarter. Arizona State Retirement System now owns 10,779 shares of the company’s stock worth $929,000 after buying an additional 723 shares in the last quarter. Corient Private Wealth LP acquired a new position in shares of Signet Jewelers in the 2nd quarter valued at approximately $1,583,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Signet Jewelers during the 2nd quarter worth approximately $1,458,000. California State Teachers Retirement System lifted its holdings in shares of Signet Jewelers by 8,406.0% during the 2nd quarter. California State Teachers Retirement System now owns 3,854,002 shares of the company’s stock worth $332,215,000 after acquiring an additional 3,808,693 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Signet Jewelers during the 2nd quarter worth approximately $32,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SIG shares. Bank of America lifted their price objective on shares of Signet Jewelers from $102.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a research note on Tuesday, September 8th. Citigroup raised their target price on Signet Jewelers from $120.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Finally, The Goldman Sachs Group boosted their price target on Signet Jewelers from $96.00 to $109.00 and gave the stock a “neutral” rating in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.56.

Read Our Latest Stock Analysis on Signet Jewelers

Signet Jewelers Price Performance

Shares of Signet Jewelers stock opened at $100.46 on Tuesday. Signet Jewelers Limited has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The firm has a market capitalization of $3.95 billion, a P/E ratio of 11.57, a P/E/G ratio of 0.55 and a beta of 1.11. The company’s 50 day moving average price is $89.31 and its two-hundred day moving average price is $87.91.

Signet Jewelers (NYSE:SIGGet Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.50. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business earned $1.61 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, analysts expect that Signet Jewelers Limited will post 11.7 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 23rd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers’s dividend payout ratio is presently 16.13%.

Signet Jewelers Profile

(Free Report)

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer serving customers primarily in the United States, Canada and the United Kingdom. The company sells diamond and other fine jewelry, engagement and wedding rings, fashion jewelry, watches, and related accessories through stores and e-commerce platforms.

Signet operates a portfolio of retail banners that includes Kay Jewelers, Zales, Jared, Diamonds Direct, Banter by Piercing Pagoda and Blue Nile. Its offerings span accessible fashion jewelry and personalized products as well as bridal jewelry and higher-end diamond merchandise.

Further Reading

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

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