SG Americas Securities LLC Buys 36,323 Shares of Signet Jewelers Limited $SIG

SG Americas Securities LLC boosted its stake in Signet Jewelers Limited (NYSE:SIG) by 212.3% during the 1st quarter, HoldingsChannel reports. The fund owned 53,431 shares of the company’s stock after acquiring an additional 36,323 shares during the quarter. SG Americas Securities LLC’s holdings in Signet Jewelers were worth $4,522,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Signet Jewelers by 12.3% in the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock valued at $152,775,000 after buying an additional 174,873 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Signet Jewelers by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock worth $225,046,000 after buying an additional 43,925 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Signet Jewelers by 163.4% during the third quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock worth $3,349,000 after acquiring an additional 21,660 shares during the period. Quantbot Technologies LP boosted its stake in Signet Jewelers by 137.7% in the 3rd quarter. Quantbot Technologies LP now owns 40,819 shares of the company’s stock valued at $3,915,000 after purchasing an additional 23,646 shares during the period. Finally, Jain Global LLC bought a new stake in shares of Signet Jewelers in the third quarter valued at about $6,533,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on SIG. UBS Group cut their price target on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Jefferies Financial Group reissued a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 target price on shares of Signet Jewelers in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.88.

Signet Jewelers Price Performance

NYSE:SIG opened at $86.53 on Tuesday. Signet Jewelers Limited has a one year low of $71.61 and a one year high of $110.20. The company has a market cap of $3.40 billion, a PE ratio of 12.14, a P/E/G ratio of 0.92 and a beta of 1.18. The firm’s 50 day simple moving average is $85.62 and its 200 day simple moving average is $88.41.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results 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. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Equities research analysts expect that Signet Jewelers Limited will post 10.57 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is presently 13.46%.

About Signet Jewelers

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.