Deutsche Bank AG Cuts Stock Position in Signet Jewelers Limited $SIG

Key Points

• Deutsche Bank AG reduced its stake in Signet Jewelers by 18.8%, selling 11,450 shares during the first quarter, leaving it with approximately 49,596 shares valued at $2.88 million.
• Signet Jewelers reported a quarterly earnings per share of $1.18, surpassing analyst estimates, with revenue of $1.54 billion for the quarter.
• The company has announced a quarterly dividend of $0.32 per share, which represents an annualized yield of 1.6%, with a payout ratio of 139.13%.

Deutsche Bank AG cut its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 18.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,596 shares of the company's stock after selling 11,450 shares during the quarter. Deutsche Bank AG owned 0.12% of Signet Jewelers worth $2,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Signet Jewelers by 175.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock valued at $107,963,000 after purchasing an additional 1,183,214 shares during the period. Vanguard Group Inc. raised its stake in Signet Jewelers by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock valued at $302,258,000 after buying an additional 389,852 shares during the last quarter. US Bancorp DE raised its stake in Signet Jewelers by 54.0% during the 1st quarter. US Bancorp DE now owns 30,181 shares of the company's stock valued at $1,752,000 after buying an additional 10,583 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Signet Jewelers during the 1st quarter valued at $1,095,000. Finally, XTX Topco Ltd boosted its stake in shares of Signet Jewelers by 660.0% in the 1st quarter. XTX Topco Ltd now owns 40,259 shares of the company's stock worth $2,337,000 after buying an additional 34,962 shares during the last quarter.

Signet Jewelers Stock Up 6.1%

SIG stock traded up $5.02 during trading on Friday, reaching $87.40. The company's stock had a trading volume of 1,004,822 shares, compared to its average volume of 803,767. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $106.28. The company has a market capitalization of $3.60 billion, a P/E ratio of 95.00, a price-to-earnings-growth ratio of 0.74 and a beta of 1.40. The company's fifty day moving average is $80.95 and its 200-day moving average is $66.66.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.17. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The company's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.11 EPS. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. Analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, July 25th. Signet Jewelers's dividend payout ratio is presently 139.13%.

Analysts Set New Price Targets

Several brokerages have issued reports on SIG. Jefferies Financial Group began coverage on Signet Jewelers in a research report on Monday, June 16th. They issued a "buy" rating and a $102.00 target price on the stock. Wall Street Zen downgraded shares of Signet Jewelers from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Bank of America increased their price target on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Telsey Advisory Group lifted their price target on shares of Signet Jewelers from $80.00 to $92.00 and gave the stock a "market perform" rating in a research note on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Signet Jewelers has an average rating of "Moderate Buy" and a consensus target price of $88.86.

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.