Pacer Advisors Inc. Buys 37,238 Shares of Signet Jewelers Limited $SIG

Pacer Advisors Inc. boosted its stake in Signet Jewelers Limited (NYSE:SIG) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,926 shares of the company’s stock after purchasing an additional 37,238 shares during the quarter. Pacer Advisors Inc.’s holdings in Signet Jewelers were worth $21,791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of SIG. Royal Bank of Canada grew its position in Signet Jewelers by 87.2% during the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after buying an additional 8,183 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Signet Jewelers by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after buying an additional 213,365 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Signet Jewelers by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after acquiring an additional 10,964 shares during the last quarter. Prudential Financial Inc. grew its position in Signet Jewelers by 55.4% during the second quarter. Prudential Financial Inc. now owns 5,935 shares of the company’s stock valued at $472,000 after acquiring an additional 2,116 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Signet Jewelers by 171.2% during the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after acquiring an additional 428 shares in the last quarter.

Signet Jewelers Price Performance

Shares of NYSE:SIG opened at $88.07 on Friday. The company has a market capitalization of $3.46 billion, a PE ratio of 12.35, a PEG ratio of 0.93 and a beta of 1.17. Signet Jewelers Limited has a 1-year low of $71.61 and a 1-year high of $110.20. The business has a fifty day moving average price of $86.47 and a 200-day moving average price of $88.50.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the firm posted $1.18 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, sell-side analysts anticipate that Signet Jewelers Limited will post 10.57 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s payout ratio is presently 17.95%.

Wall Street Analysts Forecast Growth

SIG has been the topic of a number of analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 price target on shares of Signet Jewelers in a research note on Thursday, March 19th. Citigroup raised their price target on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a research report on Friday, May 29th. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Finally, Wells Fargo & Company restated a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average target price of $112.88.

Signet Jewelers Company Profile

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.