AQR Capital Management LLC Has $10.19 Million Position in Signet Jewelers Limited $SIG

Key Points

• AQR Capital Management LLC increased its stake in Signet Jewelers by 131.7%, owning a total of $10.19 million worth of shares as of the most recent SEC filing.
• Signet Jewelers reported earnings of $1.61 EPS for the latest quarter, exceeding analysts' expectations and indicating a 3% year-over-year revenue growth.
• Several analysts have raised their price targets for Signet Jewelers, with UBS Group increasing their target to $110.00 and giving it a "buy" rating.

AQR Capital Management LLC lifted its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 131.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,556 shares of the company's stock after purchasing an additional 99,801 shares during the period. AQR Capital Management LLC owned 0.41% of Signet Jewelers worth $10,193,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SIG. BNP Paribas Financial Markets grew its holdings in Signet Jewelers by 57.0% in the 4th quarter. BNP Paribas Financial Markets now owns 63,835 shares of the company's stock valued at $5,152,000 after buying an additional 23,174 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Signet Jewelers by 427.7% in the fourth quarter. Captrust Financial Advisors now owns 16,632 shares of the company's stock valued at $1,342,000 after acquiring an additional 13,480 shares during the period. Deutsche Bank AG grew its stake in shares of Signet Jewelers by 12.1% in the fourth quarter. Deutsche Bank AG now owns 61,046 shares of the company's stock worth $4,927,000 after acquiring an additional 6,566 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Signet Jewelers by 46.2% in the fourth quarter. Lazard Asset Management LLC now owns 15,072 shares of the company's stock worth $1,216,000 after acquiring an additional 4,760 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Signet Jewelers by 1.6% during the fourth quarter. Nuveen Asset Management LLC now owns 339,872 shares of the company's stock worth $27,431,000 after acquiring an additional 5,318 shares during the period.

Analyst Ratings Changes

A number of brokerages have weighed in on SIG. UBS Group increased their price target on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Telsey Advisory Group reissued a "market perform" rating and set a $92.00 target price on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Citigroup upped their price target on Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Finally, Bank of America raised their price objective on Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $97.71.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $91.49 on Thursday. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $106.28. The business has a fifty day moving average of $83.18 and a two-hundred day moving average of $69.86. The stock has a market cap of $3.76 billion, a PE ratio of 30.70, a PEG ratio of 1.04 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) 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 quarter last year, the company posted $1.25 EPS. The firm's revenue for the quarter 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. Analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 24th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Signet Jewelers's dividend payout ratio (DPR) is presently 42.95%.

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.

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