Islay Capital Management LLC Takes Position in Signet Jewelers Limited $SIG

Key Points

• Islay Capital Management LLC acquired a new position in Signet Jewelers Limited, purchasing 24,155 shares valued at approximately $1.4 million.
• Signet Jewelers reported earnings of $1.18 per share for the last quarter, exceeding analysts' expectations, with revenue up 2% year-over-year.
• The company recently announced a quarterly dividend of $0.32 per share, leading to an annualized dividend yield of 1.5% despite a high payout ratio of 139.13%.

Islay Capital Management LLC purchased a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,155 shares of the company's stock, valued at approximately $1,402,000. Islay Capital Management LLC owned approximately 0.06% of Signet Jewelers at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of Signet Jewelers by 42,700.0% in the first quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after buying an additional 427 shares in the last quarter. Allworth Financial LP raised its position in shares of Signet Jewelers by 946.8% in the first quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after buying an additional 445 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Signet Jewelers in the first quarter valued at approximately $36,000. Versant Capital Management Inc raised its position in shares of 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 buying an additional 223 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in shares of Signet Jewelers in the first quarter valued at approximately $45,000.

Signet Jewelers Stock Performance

NYSE SIG opened at $87.40 on Friday. The firm's fifty day moving average price is $80.95 and its two-hundred day moving average price is $66.73. The stock has a market cap of $3.60 billion, a PE ratio of 95.00, a PEG ratio of 0.79 and a beta of 1.40. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $106.28.

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

Signet Jewelers Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SIG. UBS Group lifted their price target on shares of Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Citigroup boosted their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Jefferies Financial Group started 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 for the company. Telsey Advisory Group boosted their price objective on shares of Signet Jewelers from $80.00 to $92.00 and gave the company a "market perform" rating in a research report on Friday, July 25th. Finally, Bank of America boosted their price objective on shares of Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Signet Jewelers has an average rating of "Moderate Buy" and a consensus 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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