Brown Advisory Inc. Sells 39,626 Shares of Signet Jewelers Limited $SIG

Brown Advisory Inc. reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,807 shares of the company’s stock after selling 39,626 shares during the quarter. Brown Advisory Inc.’s holdings in Signet Jewelers were worth $41,424,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SIG. American Century Companies Inc. lifted its holdings in Signet Jewelers by 12.3% in the third 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 period. JPMorgan Chase & Co. lifted its holdings in Signet Jewelers by 212.2% in the third quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock valued at $48,016,000 after buying an additional 340,228 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Signet Jewelers by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock valued at $225,046,000 after buying an additional 43,925 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Signet Jewelers by 163.4% in the third quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock valued at $3,349,000 after buying an additional 21,660 shares during the period. Finally, Bowen Hanes & Co. Inc. acquired a new position in Signet Jewelers in the third quarter valued at approximately $47,837,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SIG shares. Telsey Advisory Group restated a “market perform” rating and issued a $96.00 price objective on shares of Signet Jewelers in a report on Thursday, March 19th. UBS Group cut their price objective on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Wells Fargo & Company reiterated a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Zacks Research lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Performance

SIG opened at $88.69 on Tuesday. The firm’s fifty day moving average is $86.49 and its two-hundred day moving average is $88.82. The firm has a market cap of $3.49 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.95 and a beta of 1.18. Signet Jewelers Limited has a twelve month low of $71.61 and a twelve month high of $110.20.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.18. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the business posted $1.18 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Equities analysts forecast that Signet Jewelers Limited will post 10.57 EPS for the current fiscal 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio (DPR) is presently 17.95%.

Signet Jewelers 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.