18,868 Shares in Signet Jewelers Limited $SIG Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd invested approximately $1.10 million in Signet Jewelers Limited, acquiring 18,868 shares, which constitutes 0.5% of their investment portfolio.
• Signet Jewelers reported a quarterly earnings per share (EPS) of $1.61, exceeding the consensus estimate by $0.40, alongside a revenue of $1.54 billion, up 3% year-over-year.
• The company declared a quarterly dividend of $0.32, resulting in an annualized dividend of $1.28 with a yield of 1.4%, payable on November 21st to investors recorded by October 24th.

Bayforest Capital Ltd acquired a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,868 shares of the company's stock, valued at approximately $1,095,000. Signet Jewelers accounts for about 0.5% of Bayforest Capital Ltd's investment portfolio, making the stock its 26th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after buying an additional 427 shares in the last quarter. Allworth Financial LP raised its position in shares of Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after buying an additional 445 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Signet Jewelers in the 1st quarter valued at approximately $36,000. Versant Capital Management Inc raised its position in shares of Signet Jewelers by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after buying an additional 223 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Signet Jewelers in the 1st quarter valued at approximately $45,000.

Signet Jewelers Stock Performance

Shares of NYSE:SIG traded down $1.52 during trading on Friday, reaching $91.32. The stock had a trading volume of 483,536 shares, compared to its average volume of 1,106,137. The firm's fifty day moving average is $83.51 and its 200 day moving average is $70.42. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.06 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, beating 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $1.25 EPS. The company's quarterly 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. On average, research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers's dividend payout ratio is currently 42.95%.

Analyst Ratings Changes

Several equities analysts have recently commented on SIG shares. Telsey Advisory Group restated a "market perform" rating and issued a $92.00 target price on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Citigroup upped their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. UBS Group upped their price objective 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 reiterated a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Finally, Bank of America upped their price objective 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. Four 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $97.71.

Signet Jewelers Company 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.