AQR Capital Management LLC Purchases 99,801 Shares of 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 grew its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 131.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,556 shares of the company's stock after buying an additional 99,801 shares during the quarter. AQR Capital Management LLC owned approximately 0.41% of Signet Jewelers worth $10,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of SIG. Brooklyn Investment Group grew its stake in Signet Jewelers by 42,700.0% in the first quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after acquiring an additional 427 shares during the period. Allworth Financial LP boosted its position in shares of Signet Jewelers by 946.8% during the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after acquiring an additional 445 shares in the last quarter. Headlands Technologies LLC acquired a new position in Signet Jewelers during the 1st quarter worth approximately $36,000. Versant Capital Management Inc grew its holdings in Signet Jewelers by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after acquiring an additional 223 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in Signet Jewelers during the first quarter worth $45,000.

Analysts Set New Price Targets

SIG has been the subject of a number of recent analyst reports. UBS Group boosted their price target on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Citigroup raised 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 upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Bank of America lifted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 price target for the company. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Signet Jewelers has a consensus rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Price Performance

SIG stock traded up $0.12 on Tuesday, reaching $92.51. The company's stock had a trading volume of 582,849 shares, compared to its average volume of 1,092,883. The company has a market capitalization of $3.79 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 1.05 and a beta of 1.18. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The firm has a fifty day moving average of $83.98 and a two-hundred day moving average of $71.12.

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

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, October 24th. This represents a $1.28 dividend on an annualized basis and a 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.