13,480 Shares in Signet Jewelers Limited $SIG Purchased by Dynamic Technology Lab Private Ltd

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SIG. Brooklyn Investment Group raised its stake in shares of Signet Jewelers by 42,700.0% during the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock worth $25,000 after buying an additional 427 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Signet Jewelers by 946.8% in the first quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after buying an additional 445 shares in the last quarter. Headlands Technologies LLC acquired a new position in Signet Jewelers during the first quarter worth $36,000. Versant Capital Management Inc raised its position in Signet Jewelers by 40.5% in the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after acquiring an additional 223 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in Signet Jewelers in the first quarter valued at $45,000.

Signet Jewelers Trading Down 1.2%

Shares of SIG opened at $92.50 on Tuesday. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $106.28. The stock has a market cap of $3.81 billion, a P/E ratio of 31.04, a PEG ratio of 1.07 and a beta of 1.18. The company has a 50-day moving average of $82.89 and a two-hundred day moving average of $69.56.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the company posted $1.25 EPS. The company's revenue 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, analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Citigroup boosted their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday. Telsey Advisory Group reiterated a "market perform" rating and set a $92.00 price target on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Finally, UBS Group upped their price target on Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Four equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $97.71.

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.

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