Dynamic Technology Lab Private Ltd Buys New Shares in Signet Jewelers Limited $SIG

Key Points

• Dynamic Technology Lab Private Ltd acquired 13,480 shares of Signet Jewelers Limited, valued at approximately $783,000, in the first quarter of 2023.
• Signet Jewelers reported earnings per share of $1.61 for the last quarter, exceeding analysts' expectations by $0.40, with a total revenue of $1.54 billion.
• The company has announced a quarterly dividend of $0.32 per share, set to be paid on November 21st, representing an annualized yield of 1.4%.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,480 shares of the company's stock, valued at approximately $783,000.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock worth $25,000 after purchasing an additional 427 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after purchasing an additional 445 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Signet Jewelers in the 1st quarter worth $36,000. Versant Capital Management Inc increased its holdings in shares of Signet Jewelers by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after purchasing an additional 223 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new stake in shares of Signet Jewelers in the 1st quarter worth $45,000.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup lifted their target price on Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Bank of America lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Telsey Advisory Group reissued a "market perform" rating and issued a $92.00 target price on shares of Signet Jewelers in a report on Tuesday, September 2nd. Wall Street Zen raised Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Wells Fargo & Company reaffirmed a "cautious" rating on shares of Signet Jewelers in a report on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $97.71.

Signet Jewelers Price Performance

Shares of SIG traded down $1.52 during trading hours on Friday, hitting $91.32. The stock had a trading volume of 483,536 shares, compared to its average volume of 1,105,843. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $106.28. The firm has a market capitalization of $3.76 billion, a PE ratio of 30.64, a PEG ratio of 1.04 and a beta of 1.18. The stock has a fifty day moving average price of $83.51 and a 200 day moving average price of $70.69.

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

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, October 24th. This represents a $1.28 annualized dividend and a yield of 1.4%. Signet Jewelers's payout ratio is 42.95%.

Signet Jewelers 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.