Intech Investment Management LLC Reduces Stake in Signet Jewelers Limited $SIG

Intech Investment Management LLC lowered its position in Signet Jewelers Limited (NYSE:SIG) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,907 shares of the company’s stock after selling 9,436 shares during the period. Intech Investment Management LLC’s holdings in Signet Jewelers were worth $8,144,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Signet Jewelers by 87.2% in the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after purchasing an additional 8,183 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after purchasing an additional 213,365 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 purchasing an additional 10,964 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Signet Jewelers by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 11,008 shares of the company’s stock worth $876,000 after buying an additional 224 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Signet Jewelers in the second quarter worth approximately $599,000.

Signet Jewelers Stock Down 4.0%

Shares of Signet Jewelers stock opened at $96.20 on Friday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 1.10 and a beta of 1.28. The business has a 50-day moving average price of $91.23 and a 200-day moving average price of $93.00. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $110.20.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 24.44% and a net margin of 2.13%.The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, equities analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 23rd were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. Signet Jewelers’s dividend payout ratio (DPR) is 38.21%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SIG shares. Jefferies Financial Group increased their price target on shares of Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 target price (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Stephens initiated coverage on Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.67.

About Signet Jewelers

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.