4,742 Signet Jewelers Limited $SIG Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC increased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 592.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,543 shares of the company’s stock after acquiring an additional 4,742 shares during the period. Sterling Capital Management LLC’s holdings in Signet Jewelers were worth $567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Junto Capital Management LP increased its holdings in Signet Jewelers by 96.3% in the 2nd quarter. Junto Capital Management LP now owns 417,016 shares of the company’s stock worth $35,947,000 after purchasing an additional 204,596 shares in the last quarter. Copeland Capital Management LLC bought a new position in Signet Jewelers in the third quarter valued at about $17,633,000. Arrowstreet Capital Limited Partnership raised its position in Signet Jewelers by 16.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,015,230 shares of the company’s stock valued at $85,929,000 after purchasing an additional 145,654 shares during the last quarter. Peregrine Capital Management LLC bought a new position in Signet Jewelers in the first quarter valued at about $8,188,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Signet Jewelers by 35.9% during the first quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock valued at $22,449,000 after purchasing an additional 70,110 shares in the last quarter.

Insider Buying and Selling

In other Signet Jewelers news, insider Stash Ptak sold 405 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $48,600.00. Following the sale, the insider owned 20,428 shares of the company’s stock, valued at approximately $2,451,360. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.17% of the company’s stock.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $115.04 on Thursday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.64 and a beta of 1.10. Signet Jewelers Limited has a 52-week low of $71.61 and a 52-week high of $122.64. The firm has a 50 day moving average price of $99.70 and a two-hundred day moving average price of $91.77.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.50. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm posted $1.61 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. As a group, equities research analysts predict that Signet Jewelers Limited will post 11.70 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 23rd will be issued a $0.35 dividend. The ex-dividend date is Friday, October 23rd. This represents a $1.40 annualized dividend and a yield of 1.2%. Signet Jewelers’s payout ratio is presently 16.13%.

Wall Street Analysts Forecast Growth

SIG has been the topic of several research reports. Wells Fargo & Company boosted their price target on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 9th. Bank of America lifted their target price on shares of Signet Jewelers from $102.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Jefferies Financial Group boosted their target price on shares of Signet Jewelers from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Telsey Advisory Group increased their price objective on Signet Jewelers from $96.00 to $105.00 and gave the company a “market perform” rating in a report on Thursday, September 10th. Finally, The Goldman Sachs Group increased their price objective on Signet Jewelers from $96.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.56.

Signet Jewelers Company Profile

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.

Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.

The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.