VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Signet Jewelers Limited (NYSE:SIG – Free Report) by 45.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,612 shares of the company’s stock after buying an additional 7,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of Signet Jewelers worth $2,519,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of SIG. Ameritas Advisory Services LLC acquired a new stake in shares of Signet Jewelers during the 2nd quarter valued at $32,000. Parallel Advisors LLC grew its holdings in shares of 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 acquiring an additional 198 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Signet Jewelers by 46.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 842 shares of the company’s stock worth $86,000 after acquiring an additional 266 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Signet Jewelers by 36.3% in the 3rd quarter. Signaturefd LLC now owns 1,558 shares of the company’s stock worth $159,000 after acquiring an additional 415 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Signet Jewelers during the second quarter worth $139,000.
Signet Jewelers Stock Performance
Signet Jewelers stock opened at $119.12 on Wednesday. The company has a 50 day moving average price of $102.61 and a 200 day moving average price of $92.41. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $122.64. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.66 and a beta of 1.05.
Signet Jewelers (NYSE:SIG – Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share 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 firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the company posted $1.61 EPS. The company’s quarterly 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 analysts forecast that Signet Jewelers Limited will post 11.70 earnings per share for the current fiscal year.
Signet Jewelers Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 23rd will be given 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 payout ratio is presently 16.13%.
Insiders Place Their Bets
In related news, insider Stash Ptak sold 1,595 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $120.00, for a total value of $191,400.00. Following the completion of the sale, the insider directly owned 20,833 shares of the company’s stock, valued at approximately $2,499,960. This represents a 7.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.17% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently commented on SIG. Bank of America upped their target price on Signet Jewelers from $102.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Raymond James Financial increased their price target on Signet Jewelers from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, September 10th. Telsey Advisory Group lifted their price target on Signet Jewelers from $96.00 to $105.00 and gave the stock a “market perform” rating in a research note on Thursday, September 10th. Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd. Finally, Weiss Ratings upgraded Signet Jewelers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.56.
Check Out Our Latest Research Report on Signet Jewelers
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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