California State Teachers Retirement System Increases Stake in Signet Jewelers Limited $SIG

Key Points

• California State Teachers Retirement System increased its Signet Jewelers stake by 29.6% in the first quarter, bringing its holdings to 45,309 shares valued at approximately $3.84 million. Several other major institutional investors also added shares.
• Signet reported quarterly earnings of $1.56 per share, beating estimates of $1.38, while revenue reached $1.55 billion and rose 0.8% year over year. The company forecasts fiscal 2027 EPS of $9.20–$11.00.
• The company declared a quarterly dividend of $0.35 per share, or $1.40 annualized, yielding about 1.4%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $112.

California State Teachers Retirement System lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 29.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 45,309 shares of the company's stock after purchasing an additional 10,354 shares during the period. California State Teachers Retirement System owned about 0.11% of Signet Jewelers worth $3,835,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SIG. Dimensional Fund Advisors LP lifted its stake in shares of Signet Jewelers by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,451,725 shares of the company's stock valued at $207,504,000 after acquiring an additional 58,771 shares during the last quarter. State Street Corp grew its position in Signet Jewelers by 1.6% during the 4th quarter. State Street Corp now owns 1,688,602 shares of the company's stock worth $139,951,000 after acquiring an additional 27,379 shares during the last quarter. LSV Asset Management grew its position in Signet Jewelers by 90.0% during the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company's stock worth $89,332,000 after acquiring an additional 510,551 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Signet Jewelers by 16.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,015,230 shares of the company's stock worth $85,929,000 after purchasing an additional 145,654 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in 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 purchasing an additional 213,365 shares during the period.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $96.81 on Friday. The firm has a market cap of $3.81 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.01 and a beta of 1.16. Signet Jewelers Limited has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The business's 50 day moving average price is $88.51 and its 200-day moving average price is $88.94.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.18. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, equities analysts predict that Signet Jewelers Limited will post 10.65 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers's dividend payout ratio (DPR) is currently 19.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SIG shares. Weiss Ratings reissued a "hold (c)" rating on shares of Signet Jewelers in a research note on Monday, July 6th. Zacks Research raised shares of Signet Jewelers from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 24th. Stephens reiterated an "overweight" rating and set a $130.00 price target on shares of Signet Jewelers in a report on Friday, May 29th. Citigroup increased their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Finally, UBS Group cut their price target on shares of Signet Jewelers from $126.00 to $121.00 and set a "buy" rating on the stock in a report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.00.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world's largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company's product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.

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