Hsbc Holdings PLC Boosts Stock Position in Signet Jewelers Limited $SIG

Key Points

• Hsbc Holdings PLC significantly increased its stake in Signet Jewelers by 109.4% in Q1, owning 6,601 shares worth $380,000 after acquiring more shares during the period.
• Signet Jewelers reported $1.61 earnings per share for the latest quarter, surpassing analysts’ expectations, with a revenue increase of 3.0% year-over-year.
• Wall Street analysts have mixed opinions with four giving a buy rating and three assigning a hold rating, while average price targets range around $91.00.

Hsbc Holdings PLC lifted its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 109.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,601 shares of the company's stock after buying an additional 3,448 shares during the quarter. Hsbc Holdings PLC's holdings in Signet Jewelers were worth $380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Signet Jewelers in the 1st quarter worth about $2,112,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Signet Jewelers during the 1st quarter valued at about $254,000. Principal Financial Group Inc. grew its position in Signet Jewelers by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 216,455 shares of the company's stock valued at $12,567,000 after purchasing an additional 2,920 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Signet Jewelers during the 1st quarter valued at about $250,000. Finally, GAMMA Investing LLC grew its position in Signet Jewelers by 971.4% during the 1st quarter. GAMMA Investing LLC now owns 2,507 shares of the company's stock valued at $146,000 after purchasing an additional 2,273 shares during the last quarter.

Signet Jewelers Price Performance

Shares of NYSE:SIG traded up $3.04 during trading on Friday, hitting $93.59. The company's stock had a trading volume of 1,196,928 shares, compared to its average volume of 1,088,454. The company has a 50-day moving average of $82.63 and a 200-day moving average of $69.08. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $106.28. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 1.03 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. As a group, research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, October 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Signet Jewelers's dividend payout ratio (DPR) is presently 42.95%.

Analyst Ratings Changes

SIG has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 price objective on the stock. Citigroup raised their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday. Bank of America raised their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $92.00 price target on shares of Signet Jewelers in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $97.71.

About Signet Jewelers

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.