Y Intercept Hong Kong Ltd Raises Stock Holdings in Signet Jewelers Limited $SIG

Y Intercept Hong Kong Ltd raised its position in shares of Signet Jewelers Limited (NYSE:SIG) by 156.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 51,469 shares of the company’s stock after purchasing an additional 31,408 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Signet Jewelers were worth $4,356,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new stake in shares of Signet Jewelers in the fourth quarter worth about $31,000. Farther Finance Advisors LLC grew its position in shares of Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Signet Jewelers in the 4th quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Signet Jewelers by 111.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after buying an additional 333 shares during the period. Finally, EverSource Wealth Advisors LLC increased 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 valued at $54,000 after buying an additional 428 shares during the period.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. UBS Group reduced their price objective on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Signet Jewelers in a research report on Friday, May 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Down 0.3%

NYSE SIG opened at $83.83 on Monday. The firm has a market capitalization of $3.30 billion, a PE ratio of 11.76, a P/E/G ratio of 0.88 and a beta of 1.15. The stock’s 50 day moving average is $84.85 and its 200 day moving average is $88.27. 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 quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, research analysts anticipate that Signet Jewelers Limited will post 10.57 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders 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 of this dividend is Friday, July 24th. Signet Jewelers’s payout ratio is currently 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.