VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Signet Jewelers Limited (NYSE:SIG – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,912 shares of the company’s stock, valued at approximately $1,458,000.
Several other hedge funds have also recently bought and sold shares of SIG. Ameritas Advisory Services LLC bought a new stake in shares of Signet Jewelers during the 2nd quarter worth about $32,000. Parallel Advisors LLC lifted its holdings in Signet Jewelers by 101.0% in the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock worth $33,000 after purchasing an additional 198 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Signet Jewelers during the fourth quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in Signet Jewelers by 111.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after purchasing an additional 333 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Signet Jewelers by 171.2% during the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares during the last quarter.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Telsey Advisory Group boosted their price objective on shares of Signet Jewelers from $96.00 to $105.00 and gave the stock a “market perform” rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday. Bank of America lifted their target price on shares of Signet Jewelers from $102.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday. The Goldman Sachs Group boosted their target price on shares of Signet Jewelers from $96.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Jefferies Financial Group upped their price target on shares of Signet Jewelers from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of “Hold” and a consensus target price of $125.56.
Signet Jewelers Stock Up 2.3%
Shares of SIG opened at $99.96 on Friday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.04 and a beta of 1.11. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $110.20. The company has a 50-day moving average price of $88.94 and a two-hundred day moving average price of $87.93.
Signet Jewelers (NYSE:SIG – Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Equities research analysts expect that Signet Jewelers Limited will post 11.7 EPS for the current fiscal year.
Signet Jewelers Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers’s payout ratio is presently 16.13%.
Key Signet Jewelers News
Here are the key news stories impacting Signet Jewelers this week:
- Positive Sentiment: Earnings beat and higher guidance: Signet reported adjusted earnings per share of $2.19, well above the $1.69 analyst consensus, while revenue of $1.53 billion was broadly in line with expectations. Management raised its fiscal 2027 outlook and forecast adjusted operating income of $535 million to $605 million. Signet Jewelers Q2 earnings and guidance
- Positive Sentiment: Margin and cost improvements support the outlook: The earnings surprise reflected better margins and ongoing benefits from the company’s Bread Financial renewal, which Signet expects to generate $200 million to $250 million over 36 months. Analysts highlighted the results as evidence of a potentially stronger second half for jewelry demand. Signet raises guidance
- Positive Sentiment: More bullish analyst targets: Citigroup raised its price target to $140 and UBS increased its target to $136; both firms assigned “buy” ratings. Stephens also reaffirmed its “overweight” rating, reinforcing the positive reaction to Signet’s results.
- Positive Sentiment: Kay Jewelers rebrand: Kay launched what it describes as the largest rebrand in its history, aimed at modernizing the customer experience and strengthening Signet’s most important banner. The initiative could support longer-term sales and brand relevance. Kay Jewelers rebrand
- Neutral Sentiment: Income return: Signet declared a quarterly dividend of $0.35 per share, payable November 20 to shareholders of record October 23, providing a modest shareholder-return component.
- Neutral Sentiment: Analyst caution remains: Bank of America maintained a “hold” rating, and the broader analyst consensus remains “hold,” indicating that some investors see the recent rally and valuation as already reflecting much of the improved outlook. Bank of America rating
- Negative Sentiment: Underlying sales remain mixed: Quarterly revenue declined slightly year over year, and commentary suggested strength is concentrated at particular jewelry price points. That leaves Signet exposed to cautious consumer spending and limits the certainty of a broad-based recovery.
Signet Jewelers Profile
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.
Read More
- Five stocks we like better than Signet Jewelers
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.
