Algert Global LLC Acquires New Position in Signet Jewelers Limited $SIG

Key Points

• Algert Global LLC has made a new investment in Signet Jewelers by acquiring 6,650 shares worth approximately $386,000 in the first quarter.
• Analysts have issued mixed ratings for Signet Jewelers, with price targets ranging from $65.00 to $102.00, and a general consensus rating of "Moderate Buy."
• Signet Jewelers reported better-than-expected earnings of $1.18 per share for its last quarter, surpassing estimates and showing a 2.0% year-over-year revenue growth.

Algert Global LLC acquired a new position in Signet Jewelers Limited (NYSE:SIG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,650 shares of the company's stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Signet Jewelers by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock worth $302,258,000 after buying an additional 389,852 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Signet Jewelers by 175.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock valued at $107,963,000 after purchasing an additional 1,183,214 shares in the last quarter. American Century Companies Inc. lifted its holdings in Signet Jewelers by 17.1% during the first quarter. American Century Companies Inc. now owns 1,347,346 shares of the company's stock valued at $78,227,000 after purchasing an additional 196,905 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Signet Jewelers by 37.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock valued at $85,155,000 after purchasing an additional 286,974 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Signet Jewelers by 35.2% during the first quarter. Brown Advisory Inc. now owns 846,927 shares of the company's stock valued at $49,173,000 after purchasing an additional 220,610 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SIG. Wells Fargo & Company lifted their price target on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Wall Street Zen cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. UBS Group lifted their price objective on shares of Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. CL King started coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 target price on the stock. Finally, Bank of America upped their price target on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.86.

Signet Jewelers Trading Down 1.7%

Shares of NYSE:SIG traded down $1.54 during trading on Friday, reaching $88.33. The stock had a trading volume of 871,695 shares, compared to its average volume of 1,339,144. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28. The company has a market capitalization of $3.63 billion, a P/E ratio of 96.08, a PEG ratio of 0.84 and a beta of 1.40. The firm's 50-day simple moving average is $81.55 and its 200 day simple moving average is $67.62.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.17. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the business earned $1.11 EPS. The company's revenue was up 2.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. Equities research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, July 25th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, July 25th. Signet Jewelers's dividend payout ratio (DPR) is presently 139.13%.

About Signet Jewelers

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.