Intech Investment Management LLC Has $5.13 Million Holdings in Signet Jewelers Limited $SIG

Key Points

• Intech Investment Management LLC has cut its stake in Signet Jewelers Limited (NYSE:SIG) by 51.9%, now holding $5.13 million worth of shares after selling a significant amount during the first quarter.
• Several hedge funds have increased their positions in Signet Jewelers, including Goldman Sachs, which boosted its stake by 33.5%, demonstrating growing confidence in the company's potential.
• Signet Jewelers reported EPS of $1.61, surpassing expectations, and announced a quarterly dividend of $0.32 per share, with a dividend yield of 1.4%.

Intech Investment Management LLC trimmed its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 51.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,395 shares of the company's stock after selling 95,430 shares during the quarter. Intech Investment Management LLC owned about 0.21% of Signet Jewelers worth $5,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SIG. Deutsche Bank AG grew its holdings in Signet Jewelers by 12.1% in the 4th quarter. Deutsche Bank AG now owns 61,046 shares of the company's stock worth $4,927,000 after buying an additional 6,566 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Signet Jewelers by 46.2% in the 4th quarter. Lazard Asset Management LLC now owns 15,072 shares of the company's stock worth $1,216,000 after buying an additional 4,760 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Signet Jewelers by 1.6% in the 4th quarter. Nuveen Asset Management LLC now owns 339,872 shares of the company's stock worth $27,431,000 after buying an additional 5,318 shares in the last quarter. Man Group plc boosted its stake in shares of Signet Jewelers by 112.9% during the 4th quarter. Man Group plc now owns 5,338 shares of the company's stock worth $431,000 after acquiring an additional 2,831 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Signet Jewelers by 42.8% during the 4th quarter. ProShare Advisors LLC now owns 12,776 shares of the company's stock worth $1,031,000 after acquiring an additional 3,829 shares in the last quarter.

Signet Jewelers Stock Up 1.5%

NYSE:SIG traded up $1.33 during trading hours on Monday, hitting $92.40. 632,941 shares of the stock were exchanged, compared to its average volume of 1,105,843. The company's 50 day moving average is $83.72 and its two-hundred day moving average is $70.97. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The company has a market capitalization of $3.78 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.04 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.40. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 business earned $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

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

Analyst Ratings Changes

SIG has been the subject of a number of research analyst reports. Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday, September 5th. UBS Group increased their price objective on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Telsey Advisory Group reiterated a "market perform" rating and issued a $92.00 price objective on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Bank of America boosted their price target on Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company restated a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $97.71.

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.