Counterpoint Mutual Funds LLC Takes $544,000 Position in Signet Jewelers Limited $SIG

Counterpoint Mutual Funds LLC bought a new position in shares of Signet Jewelers Limited (NYSE:SIGFree Report) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 6,432 shares of the company’s stock, valued at approximately $544,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SIG. Richardson Financial Services Inc. acquired a new stake in shares of Signet Jewelers during the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC increased its stake in shares of Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers in the fourth quarter valued at $39,000. Northwestern Mutual Wealth Management Co. raised its holdings in Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after acquiring an additional 333 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after acquiring an additional 428 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SIG. Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Signet Jewelers in a research note on Friday, May 29th. Citigroup increased their target price on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Wells Fargo & Company reiterated a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Finally, Royal Bank Of Canada raised Signet Jewelers to a “hold” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.88.

Check Out Our Latest Stock Report on SIG

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $83.83 on Friday. The company has a 50-day simple moving average of $84.85 and a 200-day simple moving average of $88.26. Signet Jewelers Limited has a one year low of $71.61 and a one year high of $110.20. The firm has a market capitalization of $3.30 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.88 and a beta of 1.15.

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

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is currently 13.46%.

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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