Rockefeller Capital Management L.P. Reduces Stake in Signet Jewelers Limited $SIG

Rockefeller Capital Management L.P. lowered its position in Signet Jewelers Limited (NYSE:SIG) by 54.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,339 shares of the company’s stock after selling 229,858 shares during the period. Rockefeller Capital Management L.P.’s holdings in Signet Jewelers were worth $15,775,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its position in Signet Jewelers by 3.1% during the fourth quarter. CIBC Asset Management Inc now owns 4,072 shares of the company’s stock valued at $337,000 after acquiring an additional 121 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Signet Jewelers by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company’s stock valued at $1,727,000 after purchasing an additional 138 shares during the period. Amundi grew its stake in shares of Signet Jewelers by 1.9% during the 3rd quarter. Amundi now owns 7,358 shares of the company’s stock valued at $689,000 after purchasing an additional 140 shares during the period. Finally, Xponance LLC grew its stake in shares of Signet Jewelers by 4.6% during the 4th quarter. Xponance LLC now owns 3,450 shares of the company’s stock valued at $286,000 after purchasing an additional 152 shares during the period.

Wall Street Analyst Weigh In

SIG has been the topic of several recent research reports. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. UBS Group cut their target price on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a report on Friday, May 29th. Finally, Wells Fargo & Company reiterated 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. Based on data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Down 2.3%

NYSE SIG opened at $84.77 on Wednesday. The stock’s 50-day moving average price is $86.17 and its 200-day moving average price is $88.40. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $110.20. The company has a market capitalization of $3.33 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17.

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

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is presently 17.95%.

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.