Baron Wealth Management LLC Invests $222,000 in Signet Jewelers Limited $SIG

Key Points

• Baron Wealth Management LLC acquired 2,788 shares of Signet Jewelers, valued at approximately $222,000, during the second quarter.
• Analysts have raised their target prices for Signet Jewelers, with Citigroup increasing its target from $100 to $110, indicating a strong buy sentiment.
• Signet Jewelers has announced a quarterly dividend of $0.32, representing an annual yield of 1.4%, with the record date set for October 24th.

Baron Wealth Management LLC purchased a new position in Signet Jewelers Limited (NYSE:SIG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,788 shares of the company's stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SIG. Nuveen Asset Management LLC raised its holdings in Signet Jewelers by 1.6% during the 4th quarter. Nuveen Asset Management LLC now owns 339,872 shares of the company's stock valued at $27,431,000 after acquiring an additional 5,318 shares during the period. Man Group plc increased its holdings in shares of Signet Jewelers by 112.9% in the fourth quarter. Man Group plc now owns 5,338 shares of the company's stock worth $431,000 after purchasing an additional 2,831 shares during the period. ProShare Advisors LLC grew its position in Signet Jewelers by 42.8% in the fourth quarter. ProShare Advisors LLC now owns 12,776 shares of the company's stock worth $1,031,000 after acquiring an additional 3,829 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Signet Jewelers by 14.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,609 shares of the company's stock worth $9,008,000 after acquiring an additional 13,769 shares in the last quarter. Finally, MidWestOne Financial Group Inc. boosted its position in Signet Jewelers by 22.3% during the fourth quarter. MidWestOne Financial Group Inc. now owns 24,372 shares of the company's stock valued at $1,967,000 after buying an additional 4,436 shares during the period.

Signet Jewelers Trading Down 1.1%

Shares of SIG traded down $1.09 during midday trading on Friday, reaching $95.78. The stock had a trading volume of 1,619,659 shares, compared to its average volume of 1,086,626. The company's 50-day moving average is $84.90 and its 200 day moving average is $72.10. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.40. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. Research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, October 24th. Signet Jewelers's payout ratio is presently 42.95%.

Wall Street Analyst Weigh In

SIG has been the subject of a number of analyst reports. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Telsey Advisory Group reiterated a "market perform" rating and set a $92.00 target price on shares of Signet Jewelers in a report on Tuesday, September 2nd. Jefferies Financial Group started coverage on shares of Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 price target for the company. Bank of America upped their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company restated a "cautious" rating on shares of Signet Jewelers in a report on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Signet Jewelers currently has an average rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Profile

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.