172,311 Shares of Signet Jewelers Limited $SIG Purchased by Copeland Capital Management LLC

Key Points

• Copeland Capital Management purchased 172,311 Signet Jewelers shares worth approximately $17.6 million, representing a 0.45% stake at the end of the latest reporting period.
• Analysts remain generally positive, with Signet carrying a consensus “Moderate Buy” rating and an average price target of $125.56; several firms recently raised their targets.
• Signet beat quarterly EPS estimates by $0.50, reporting $2.19 per share on $1.53 billion in revenue, and declared a quarterly dividend of $0.35, equivalent to a 1.3% yield.

Copeland Capital Management LLC purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 172,311 shares of the company's stock, valued at approximately $17,633,000. Copeland Capital Management LLC owned 0.45% of Signet Jewelers at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Signet Jewelers by 101.0% in the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company's stock worth $33,000 after buying an additional 198 shares during the period. Farther Finance Advisors LLC grew its position in shares of Signet Jewelers by 46.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 842 shares of the company's stock worth $86,000 after buying an additional 266 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Signet Jewelers by 11.3% during the third quarter. GAMMA Investing LLC now owns 3,522 shares of the company's stock valued at $360,000 after buying an additional 357 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Signet Jewelers during the second quarter valued at approximately $32,000. Finally, Convergence Investment Partners LLC increased its stake in shares of Signet Jewelers by 2.4% during the first quarter. Convergence Investment Partners LLC now owns 15,840 shares of the company's stock valued at $1,341,000 after buying an additional 377 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SIG. Stephens reaffirmed an "overweight" rating and issued a $130.00 price target on shares of Signet Jewelers in a research note on Tuesday, September 8th. UBS Group lifted their price target on shares of Signet Jewelers from $122.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, September 10th. Jefferies Financial Group boosted their price objective on shares of Signet Jewelers from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, September 9th. Telsey Advisory Group boosted their price objective on shares of Signet Jewelers from $96.00 to $105.00 and gave the company a "market perform" rating in a research report on Thursday, September 10th. Finally, Citigroup upped their price objective on shares of Signet Jewelers from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.56.

Signet Jewelers Stock Performance

Shares of SIG opened at $108.22 on Wednesday. The stock has a market cap of $4.15 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.58 and a beta of 1.10. Signet Jewelers Limited has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The firm's 50-day simple moving average is $94.45 and its two-hundred day simple moving average is $89.72.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.50. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business earned $1.61 earnings per share. The business's revenue was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Equities research analysts predict that Signet Jewelers Limited will post 11.70 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers's payout ratio is currently 16.13%.

Signet Jewelers Company Profile

Signet Jewelers Limited NYSE: SIG is a specialty jewelry retailer that operates through a portfolio of branded stores and online platforms. Its businesses sell diamond, bridal and fashion jewelry, watches, gifts and related accessories, while also providing services such as jewelry repair, customization and financing.

The company's principal retail brands include Kay Jewelers, Zales, Jared, Diamonds Direct, James Allen, Peoples and Banter by Piercing Pagoda. These brands serve customers through a combination of mall-based and off-mall stores, standalone locations, digital commerce platforms and specialty formats, with offerings positioned across a range of price points and shopping occasions.

Signet primarily serves customers in the United States, Canada and the United Kingdom.

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