Louisiana State Employees Retirement System Makes New $1.52 Million Investment in Signet Jewelers Limited $SIG

Louisiana State Employees Retirement System bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $1,524,000.

Several other hedge funds have also made changes to their positions in the stock. Royal Bank of Canada grew its stake in Signet Jewelers by 87.2% during the 1st 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 during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after acquiring an additional 213,365 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Signet Jewelers by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock worth $7,117,000 after acquiring an additional 10,964 shares during the period. Prudential Financial Inc. lifted its position in Signet Jewelers by 55.4% in the 2nd quarter. Prudential Financial Inc. now owns 5,935 shares of the company’s stock valued at $472,000 after purchasing an additional 2,116 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SIG shares. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a research report on Thursday, March 19th. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Signet Jewelers in a research note on Friday, May 29th. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Finally, Citigroup lifted their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. One investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.88.

Signet Jewelers Stock Down 1.8%

Shares of NYSE SIG opened at $84.66 on Thursday. The business has a fifty day simple moving average of $85.22 and a 200-day simple moving average of $88.32. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 0.90 and a beta of 1.15. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $110.20.

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

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s payout ratio is 13.46%.

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.