Engineers Gate Manager LP Acquires 15,926 Shares of Signet Jewelers Limited $SIG

Key Points

• Engineers Gate Manager LP more than doubled its Signet Jewelers stake in the second quarter, adding 15,926 shares to hold 28,610 shares valued at approximately $2.47 million.
• Signet reported quarterly EPS of $2.19, beating analysts’ $1.69 consensus, while revenue matched expectations at $1.53 billion but declined 0.5% year over year.
• The company declared a quarterly dividend of $0.35 per share, equivalent to a 1.4% annual yield; analysts maintain a consensus “Hold” rating with an average price target of $125.56.

Engineers Gate Manager LP lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 125.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,610 shares of the company's stock after acquiring an additional 15,926 shares during the quarter. Engineers Gate Manager LP owned approximately 0.07% of Signet Jewelers worth $2,466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. California State Teachers Retirement System raised its stake in Signet Jewelers by 8,406.0% in the 2nd quarter. California State Teachers Retirement System now owns 3,854,002 shares of the company's stock valued at $332,215,000 after acquiring an additional 3,808,693 shares during the period. Dimensional Fund Advisors LP boosted its position in Signet Jewelers by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,451,725 shares of the company's stock worth $207,504,000 after purchasing an additional 58,771 shares during the period. LSV Asset Management increased its holdings in shares of Signet Jewelers by 90.0% in the fourth quarter. LSV Asset Management now owns 1,077,851 shares of the company's stock valued at $89,332,000 after purchasing an additional 510,551 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Signet Jewelers by 16.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,015,230 shares of the company's stock valued at $85,929,000 after purchasing an additional 145,654 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Signet Jewelers by 7.9% in the first quarter. Pacer Advisors Inc. now owns 283,706 shares of the company's stock valued at $24,013,000 after purchasing an additional 20,780 shares during the period.

Signet Jewelers Stock Performance

SIG stock opened at $100.46 on Tuesday. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $110.20. The company has a market capitalization of $3.95 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.55 and a beta of 1.11. The company's 50-day simple moving average is $89.31 and its 200 day simple moving average is $87.91.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.50. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.53 billion. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The business's revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, analysts forecast that Signet Jewelers Limited will post 11.7 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 23rd. Signet Jewelers's payout ratio is presently 16.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Signet Jewelers in a research note on Tuesday, September 8th. Bank of America upped their price target on shares of Signet Jewelers from $102.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday. Citigroup increased their price target on shares of Signet Jewelers from $120.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, September 10th. Weiss Ratings upgraded shares of Signet Jewelers from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday. Finally, UBS Group boosted their price objective on Signet Jewelers from $122.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $125.56.

Signet Jewelers Company Profile

Signet Jewelers Limited NYSE: SIG is a specialty jewelry retailer serving customers primarily in the United States, Canada and the United Kingdom. The company sells diamond and other fine jewelry, engagement and wedding rings, fashion jewelry, watches, and related accessories through stores and e-commerce platforms.

Signet operates a portfolio of retail banners that includes Kay Jewelers, Zales, Jared, Diamonds Direct, Banter by Piercing Pagoda and Blue Nile. Its offerings span accessible fashion jewelry and personalized products as well as bridal jewelry and higher-end diamond merchandise.

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