10,300 Shares in Signet Jewelers Limited $SIG Bought by Strs Ohio

Key Points

• Strs Ohio acquired 10,300 shares of Signet Jewelers Limited, valued at approximately $598,000, during the first quarter.
• Signet reported quarterly earnings of $1.61 EPS, exceeding analyst estimates, with a revenue of $1.54 billion.
• The company announced a quarterly dividend of $0.32 per share, reflecting a 1.3% dividend yield.

Strs Ohio purchased a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,300 shares of the company's stock, valued at approximately $598,000.

A number of other institutional investors have also made changes to their positions in SIG. Charles Schwab Investment Management Inc. raised its holdings in shares of Signet Jewelers by 175.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock valued at $107,963,000 after buying an additional 1,183,214 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Signet Jewelers by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock valued at $302,258,000 after buying an additional 389,852 shares during the last quarter. Nuveen LLC bought a new position in shares of Signet Jewelers in the first quarter valued at about $21,646,000. Brown Advisory Inc. raised its holdings in shares of Signet Jewelers by 35.2% in the first quarter. Brown Advisory Inc. now owns 846,927 shares of the company's stock valued at $49,173,000 after buying an additional 220,610 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Signet Jewelers by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company's stock valued at $49,333,000 after buying an additional 213,365 shares during the last quarter.

Signet Jewelers Trading Up 1.6%

Signet Jewelers stock traded up $1.48 during midday trading on Tuesday, reaching $96.55. The company's stock had a trading volume of 238,509 shares, compared to its average volume of 1,312,933. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The business has a 50-day moving average price of $85.18 and a 200-day moving average price of $72.57. The stock has a market cap of $3.95 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.40. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $1.25 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. As a group, research analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 24th. Signet Jewelers's payout ratio is presently 42.95%.

Wall Street Analyst Weigh In

SIG has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $92.00 price target on shares of Signet Jewelers in a report on Tuesday, September 2nd. Bank of America raised their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Citigroup boosted their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Finally, UBS Group boosted their price target on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $97.71.

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.