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 acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 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 recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Signet Jewelers by 8.1% in the 1st 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 period. Charles Schwab Investment Management Inc. grew its position in shares of Signet Jewelers by 175.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock worth $107,963,000 after buying an additional 1,183,214 shares during the period. American Century Companies Inc. grew its position in shares of Signet Jewelers by 17.1% in the 1st quarter. American Century Companies Inc. now owns 1,347,346 shares of the company's stock worth $78,227,000 after buying an additional 196,905 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company's stock worth $49,333,000 after buying an additional 213,365 shares during the period. Finally, Brown Advisory Inc. grew its position in shares of Signet Jewelers by 35.2% in the 1st quarter. Brown Advisory Inc. now owns 846,927 shares of the company's stock worth $49,173,000 after buying an additional 220,610 shares during the period.

Signet Jewelers Stock Up 2.5%

SIG traded up $2.36 during midday trading on Thursday, hitting $96.86. 821,481 shares of the company traded hands, compared to its average volume of 1,085,830. The firm has a market capitalization of $3.97 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18. The company's 50-day moving average is $84.57 and its 200 day moving average is $71.61. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, sell-side analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SIG. UBS Group upped their target price on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company reaffirmed a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Jefferies Financial Group began coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 price objective on the stock. Citigroup increased their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Finally, Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.