18,868 Shares in Signet Jewelers Limited $SIG Purchased 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 position in Signet Jewelers Limited (NYSE:SIG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,868 shares of the company's stock, valued at approximately $1,095,000. Signet Jewelers accounts for 0.5% of Bayforest Capital Ltd's portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SIG. BNP Paribas Financial Markets increased its stake in shares of Signet Jewelers by 57.0% in the fourth quarter. BNP Paribas Financial Markets now owns 63,835 shares of the company's stock worth $5,152,000 after acquiring an additional 23,174 shares during the period. Captrust Financial Advisors increased its stake 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 worth $1,342,000 after acquiring an additional 13,480 shares during the period. Deutsche Bank AG increased 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 period. Hudson Bay Capital Management LP acquired a new stake in shares of Signet Jewelers in the fourth quarter worth $4,599,000. Finally, Janus Henderson Group PLC increased its stake in shares of Signet Jewelers by 37.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock worth $85,155,000 after acquiring an additional 286,974 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SIG shares. Wells Fargo & Company reiterated a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. UBS Group increased their price objective 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. Citigroup raised their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $92.00 price target on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $97.71.

Signet Jewelers Stock Performance

Shares of NYSE:SIG traded down $1.52 during midday trading on Friday, hitting $91.32. The company's stock had a trading volume of 483,536 shares, compared to its average volume of 1,106,137. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $106.28. The company has a market cap of $3.76 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The business's 50 day simple moving average is $83.51 and its 200 day simple moving average is $70.55.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business earned $1.25 earnings per share. Signet Jewelers's revenue 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 Announces Dividend

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 given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, October 24th. Signet Jewelers's dividend payout ratio (DPR) is presently 42.95%.

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.