Intech Investment Management LLC Reduces Position 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 cut its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 51.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,395 shares of the company's stock after selling 95,430 shares during the period. Intech Investment Management LLC owned 0.21% of Signet Jewelers worth $5,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SIG. Deutsche Bank AG boosted its stake 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 purchasing an additional 6,566 shares in the last quarter. Lazard Asset Management LLC boosted its stake in 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 purchasing an additional 4,760 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in 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 purchasing an additional 5,318 shares in the last quarter. Man Group plc boosted its stake in Signet Jewelers by 112.9% in the 4th quarter. Man Group plc now owns 5,338 shares of the company's stock worth $431,000 after purchasing an additional 2,831 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Signet Jewelers by 42.8% in the 4th quarter. ProShare Advisors LLC now owns 12,776 shares of the company's stock worth $1,031,000 after purchasing an additional 3,829 shares in the last quarter.

Wall Street Analyst Weigh In

SIG has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They set a "buy" rating and a $102.00 price objective for the company. Telsey Advisory Group restated a "market perform" rating and set a $92.00 price objective on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. UBS Group lifted their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Finally, Citigroup lifted their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Price Performance

NYSE SIG traded up $2.94 on Thursday, hitting $97.44. The company had a trading volume of 305,340 shares, compared to its average volume of 1,317,659. The company has a market capitalization of $3.99 billion, a PE ratio of 32.72, a PEG ratio of 1.05 and a beta of 1.18. The company's fifty day moving average price is $84.25 and its 200-day moving average price is $71.28. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.21 by $0.40. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 24th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. Signet Jewelers's dividend payout ratio is presently 42.95%.

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.