State of Alaska Department of Revenue trimmed its holdings in Signet Jewelers Limited (NYSE:SIG – Free Report) by 35.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,464 shares of the company’s stock after selling 4,732 shares during the quarter. State of Alaska Department of Revenue’s holdings in Signet Jewelers were worth $865,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of SIG. Bessemer Group Inc. grew its position in Signet Jewelers by 18.5% in the 1st quarter. Bessemer Group Inc. now owns 76,274 shares of the company’s stock valued at $6,456,000 after acquiring an additional 11,926 shares during the last quarter. Principal Financial Group Inc. increased its stake in Signet Jewelers by 35.9% in the first quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock worth $22,449,000 after purchasing an additional 70,110 shares during the period. California State Teachers Retirement System increased its stake in Signet Jewelers by 29.6% in the first quarter. California State Teachers Retirement System now owns 45,309 shares of the company’s stock worth $3,835,000 after purchasing an additional 10,354 shares during the period. Engineers Gate Manager LP lifted its position in shares of Signet Jewelers by 125.6% during the second quarter. Engineers Gate Manager LP now owns 28,610 shares of the company’s stock worth $2,466,000 after purchasing an additional 15,926 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Signet Jewelers by 11.9% during the first quarter. Empowered Funds LLC now owns 156,800 shares of the company’s stock worth $13,272,000 after purchasing an additional 16,665 shares during the last quarter.
Insiders Place Their Bets
In other Signet Jewelers news, insider Stash Ptak sold 405 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $48,600.00. Following the sale, the insider owned 20,428 shares of the company’s stock, valued at approximately $2,451,360. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.17% of the stock is currently owned by corporate insiders.
Signet Jewelers Trading Down 0.9%
Shares of Signet Jewelers stock opened at $114.67 on Thursday. The firm has a market cap of $4.39 billion, a P/E ratio of 13.21, a P/E/G ratio of 0.64 and a beta of 1.10. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $122.64. The stock’s fifty day moving average price is $96.89 and its 200-day moving average price is $90.99.
Signet Jewelers (NYSE:SIG – Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.50. Signet Jewelers had a return on equity of 23.28% and a net margin of 5.19%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Analysts forecast that Signet Jewelers Limited will post 11.70 earnings per share for the current year.
Signet Jewelers Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 23rd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers’s dividend payout ratio (DPR) is presently 16.13%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Signet Jewelers from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. UBS Group upped their price target on shares of Signet Jewelers from $122.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Citigroup raised their price target on shares of Signet Jewelers from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Telsey Advisory Group lifted their price objective on shares of Signet Jewelers from $96.00 to $105.00 and gave the company a “market perform” rating in a report on Thursday, September 10th. Finally, Zacks Research upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.56.
Check Out Our Latest Stock Report on SIG
Signet Jewelers Company Profile
Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.
Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.
The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.
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