18,368 Shares in Signet Jewelers Limited $SIG Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 18,368 Signet Jewelers shares during the second quarter, worth approximately $1.58 million. Several other institutional investors also initiated or increased positions.
• Signet reported quarterly EPS of $2.19, beating estimates of $1.69, while revenue reached $1.53 billion and declined 0.5% year over year. The company maintained FY2027 EPS guidance of $10.45–$12.15.
• Analysts remain generally positive, with the stock carrying a “Moderate Buy” consensus and an average price target of $125.56; Signet also declared a quarterly dividend of $0.35 per share, yielding about 1.4%.

Corient Private Wealth LP acquired a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,368 shares of the company's stock, valued at approximately $1,583,000.

Other hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Signet Jewelers during the 2nd quarter valued at $32,000. Parallel Advisors LLC grew its holdings in Signet Jewelers by 101.0% during the first quarter. Parallel Advisors LLC now owns 394 shares of the company's stock worth $33,000 after acquiring an additional 198 shares during the period. Global Retirement Partners LLC grew its holdings in Signet Jewelers by 13,533.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,227 shares of the company's stock worth $102,000 after acquiring an additional 1,218 shares during the period. Central Pacific Bank Trust Division bought a new stake in Signet Jewelers in the second quarter worth about $139,000. Finally, Leonteq Securities AG raised its position in Signet Jewelers by 747.8% in the first quarter. Leonteq Securities AG now owns 1,721 shares of the company's stock worth $146,000 after acquiring an additional 1,518 shares in the last quarter.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $100.75 on Friday. The company has a market cap of $3.86 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.55 and a beta of 1.11. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $110.20. The firm has a 50 day simple moving average of $91.81 and a 200 day simple moving average of $88.16.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the company posted $1.61 EPS. The company's quarterly revenue was down .5% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, equities analysts predict that Signet Jewelers Limited will post 11.7 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 23rd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers's payout ratio is presently 16.13%.

Wall Street Analysts Forecast Growth

SIG has been the subject of several research reports. UBS Group raised their price objective on shares of Signet Jewelers from $122.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Weiss Ratings upgraded shares of Signet Jewelers from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, September 10th. Bank of America increased their target price on shares of Signet Jewelers from $102.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, September 10th. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Signet Jewelers in a report on Tuesday, September 8th. Finally, Citigroup lifted their price target on shares of Signet Jewelers from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.56.

Signet Jewelers Profile

Signet Jewelers Limited NYSE: SIG is a specialty jewelry retailer serving customers primarily in the United States, Canada and the United Kingdom. The company sells diamond and other fine jewelry, engagement and wedding rings, fashion jewelry, watches, and related accessories through stores and e-commerce platforms.

Signet operates a portfolio of retail banners that includes Kay Jewelers, Zales, Jared, Diamonds Direct, Banter by Piercing Pagoda and Blue Nile. Its offerings span accessible fashion jewelry and personalized products as well as bridal jewelry and higher-end diamond merchandise.

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