Texas Permanent School Fund Corp Has $6.70 Million Position in Signet Jewelers Limited $SIG

Texas Permanent School Fund Corp lifted its position in Signet Jewelers Limited (NYSE:SIG) by 73.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,213 shares of the company’s stock after buying an additional 35,593 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Signet Jewelers were worth $6,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SIG. Hood River Capital Management LLC acquired a new stake in shares of Signet Jewelers in the second quarter worth $56,537,000. Arrowstreet Capital Limited Partnership grew its position in Signet Jewelers by 321.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock worth $68,554,000 after buying an additional 657,444 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in Signet Jewelers during the second quarter valued at about $50,342,000. Nuveen LLC bought a new position in Signet Jewelers during the first quarter valued at about $21,646,000. Finally, Goldman Sachs Group Inc. raised its holdings in Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after acquiring an additional 213,365 shares in the last quarter.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $83.28 on Wednesday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.06 and a beta of 1.12. The stock has a fifty day moving average price of $97.26 and a two-hundred day moving average price of $89.08. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $110.20.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.16 by $0.47. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, equities research analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s dividend payout ratio (DPR) is presently 38.21%.

Analysts Set New Price Targets

Several analysts have recently weighed in on SIG shares. UBS Group lifted their price objective on Signet Jewelers from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Citigroup raised their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a research note on Tuesday, December 2nd. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.