Ieq Capital LLC Invests $998,000 in Signet Jewelers Limited $SIG

Key Points

• Ieq Capital LLC has acquired 17,192 shares of Signet Jewelers Limited, worth approximately $998,000, during the first quarter.
• Signet Jewelers reported $1.61 earnings per share for the most recent quarter, exceeding expectations and showing a 3.0% increase in revenue year-over-year.
• Several analysts have upgraded their target prices for Signet Jewelers, with Wells Fargo raising its target from $75.00 to $90.00, reflecting a positive outlook for the stock.

Ieq Capital LLC bought a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,192 shares of the company's stock, valued at approximately $998,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SIG. Brooklyn Investment Group boosted its position in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock worth $25,000 after purchasing an additional 427 shares during the last quarter. Allworth Financial LP boosted its position in shares of Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after purchasing an additional 445 shares during the last quarter. Headlands Technologies LLC bought a new position in Signet Jewelers during the first quarter worth about $36,000. Versant Capital Management Inc lifted its holdings in Signet Jewelers by 40.5% during the first quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after acquiring an additional 223 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new position in Signet Jewelers during the first quarter worth about $45,000.

Signet Jewelers Trading Up 3.4%

NYSE:SIG traded up $3.04 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 stock has a fifty day moving average of $82.63 and a two-hundred day moving average of $69.18. The firm has a market capitalization of $3.85 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28.

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

Signet Jewelers Dividend Announcement

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

Analysts Set New Price Targets

SIG has been the topic of several recent analyst reports. Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday. Bank of America lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday. Jefferies Financial Group assumed coverage on Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 target price on the stock. Wells Fargo & Company restated a "cautious" rating on shares of Signet Jewelers in a report on Tuesday. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $92.00 price target on shares of Signet Jewelers in a report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Signet Jewelers presently has a consensus rating of "Hold" and a consensus target price 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.