Callan Family Office LLC Buys New Position in Signet Jewelers Limited $SIG

Key Points

• Callan Family Office LLC acquired a new stake in Signet Jewelers Limited, purchasing 4,422 shares valued at approximately $352,000 during the 2nd quarter.
• Signet Jewelers recently reported earnings of $1.61 per share for the quarter, surpassing analysts' expectations and marking a 3% revenue increase year-over-year to $1.54 billion.
• The company announced a quarterly dividend of $0.32 per share, payable on November 21st, with a dividend yield of 1.2% and a payout ratio of 42.95%.

Callan Family Office LLC bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,422 shares of the company's stock, valued at approximately $352,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SIG. Yousif Capital Management LLC boosted its holdings in Signet Jewelers by 2.0% in the first quarter. Yousif Capital Management LLC now owns 17,087 shares of the company's stock worth $992,000 after acquiring an additional 341 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Signet Jewelers by 971.4% in the first quarter. GAMMA Investing LLC now owns 2,507 shares of the company's stock worth $146,000 after acquiring an additional 2,273 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Signet Jewelers in the first quarter worth approximately $254,000. Exchange Traded Concepts LLC bought a new position in Signet Jewelers in the first quarter worth approximately $250,000. Finally, Grace & White Inc. NY boosted its holdings in Signet Jewelers by 19.8% in the first quarter. Grace & White Inc. NY now owns 248,312 shares of the company's stock worth $14,417,000 after acquiring an additional 41,050 shares in the last quarter.

Wall Street Analyst Weigh In

SIG has been the subject of several analyst reports. Citigroup increased their price objective on Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. UBS Group increased their price objective on Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company reissued a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Wall Street Zen raised Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $97.71.

Signet Jewelers Trading Up 2.6%

Shares of SIG opened at $103.80 on Thursday. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.17 and a beta of 1.23. The stock has a 50 day moving average of $90.63 and a 200 day moving average of $77.33. 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 announced its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.40. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company 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. As a group, equities research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers's dividend payout ratio is 42.95%.

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.

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