Strs Ohio Makes New Investment in Signet Jewelers Limited $SIG

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 bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,300 shares of the company's stock, valued at approximately $598,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bayforest Capital Ltd bought a new stake in Signet Jewelers during the first quarter valued at $1,095,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Signet Jewelers by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company's stock valued at $7,117,000 after purchasing an additional 10,964 shares during the last quarter. Optimize Financial Inc grew its position in shares of Signet Jewelers by 118.7% during the first quarter. Optimize Financial Inc now owns 14,416 shares of the company's stock worth $837,000 after acquiring an additional 7,825 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company's stock worth $49,333,000 after acquiring an additional 213,365 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Signet Jewelers during the first quarter worth about $783,000.

Signet Jewelers Trading Down 1.1%

Signet Jewelers stock traded down $1.09 during mid-day trading on Friday, hitting $95.78. The stock had a trading volume of 1,619,659 shares, compared to its average volume of 1,117,368. The stock has a 50-day simple moving average of $84.90 and a two-hundred day simple moving average of $72.26. The stock has a market capitalization of $3.92 billion, a PE ratio of 32.14, a P/E/G ratio of 1.09 and a beta of 1.18. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.50 billion. During the same quarter last year, the business earned $1.25 earnings per share. The company's revenue was up 3.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. Sell-side analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. 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 upped their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. UBS Group upped their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Jefferies Financial Group started coverage on shares of Signet Jewelers in a report on Monday, June 16th. They issued a "buy" rating and a $102.00 price objective for the company. Finally, Bank of America upped their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $97.71.

Signet Jewelers Company Profile

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.