Dimensional Fund Advisors LP Grows Stake in Signet Jewelers Limited $SIG

Dimensional Fund Advisors LP boosted its stake in Signet Jewelers Limited (NYSE:SIG) by 2.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,451,725 shares of the company’s stock after purchasing an additional 58,771 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Signet Jewelers worth $207,504,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SIG. Richardson Financial Services Inc. purchased a new position in shares of Signet Jewelers during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC raised its holdings in Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares in the last quarter. Parallel Advisors LLC lifted its position in Signet Jewelers by 101.0% during the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after buying an additional 198 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Signet Jewelers during the 4th quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after buying an additional 333 shares during the period.

Signet Jewelers Trading Up 1.6%

Shares of SIG opened at $91.08 on Friday. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $110.20. The business’s fifty day simple moving average is $85.57 and its two-hundred day simple moving average is $88.52. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 0.94 and a beta of 1.15.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.38 by $0.18. The company 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%.Signet Jewelers’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, research analysts forecast that Signet Jewelers Limited will post 10.57 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Signet Jewelers’s dividend payout ratio is currently 13.46%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Signet Jewelers in a research report on Thursday. They set an “outperform” rating and a $105.00 price target for the company. UBS Group cut their price objective on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Monday, July 6th. Wells Fargo & Company reiterated a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Finally, Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Signet Jewelers in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

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.