GMT Capital Corp Boosts Stock Position in Signet Jewelers Limited $SIG

Key Points

• GMT Capital Corp has increased its stake in Signet Jewelers Limited by 3.9% during the first quarter, owning 130,200 shares valued at approximately $7.56 million.
• Signet Jewelers reported a quarterly EPS of $1.18, surpassing analysts' expectations, alongside a revenue of $1.54 billion.
• The company has announced a quarterly dividend of $0.32 per share, resulting in an annualized yield of 1.5%.

GMT Capital Corp raised its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,200 shares of the company's stock after purchasing an additional 4,900 shares during the period. GMT Capital Corp owned 0.30% of Signet Jewelers worth $7,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in Signet Jewelers by 40.5% in the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after purchasing an additional 223 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Signet Jewelers by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 9,214 shares of the company's stock valued at $535,000 after purchasing an additional 242 shares during the last quarter. Cresset Asset Management LLC grew its stake in Signet Jewelers by 1.6% in the first quarter. Cresset Asset Management LLC now owns 18,019 shares of the company's stock valued at $1,046,000 after purchasing an additional 282 shares during the last quarter. Yousif Capital Management LLC grew its stake in Signet Jewelers by 2.0% in the first quarter. Yousif Capital Management LLC now owns 17,087 shares of the company's stock valued at $992,000 after purchasing an additional 341 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Signet Jewelers by 3.3% in the first quarter. Nisa Investment Advisors LLC now owns 10,784 shares of the company's stock valued at $626,000 after purchasing an additional 344 shares during the last quarter.

Signet Jewelers Stock Down 2.5%

Signet Jewelers stock opened at $87.59 on Friday. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 95.20, a price-to-earnings-growth ratio of 0.81 and a beta of 1.40. The stock has a 50-day moving average price of $81.67 and a 200 day moving average price of $67.84.

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

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, July 25th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. Signet Jewelers's payout ratio is 139.13%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SIG shares. CL King started coverage on Signet Jewelers in a report on Monday, May 5th. They issued a "buy" rating and a $80.00 price target for the company. Wall Street Zen downgraded Signet Jewelers from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Jefferies Financial Group started coverage on Signet Jewelers in a report on Monday, June 16th. They issued a "buy" rating and a $102.00 price target for the company. UBS Group raised their price target on Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company raised their price target on Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.86.

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.

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