Martingale Asset Management L P Boosts Stock Holdings in Signet Jewelers Limited $SIG

Key Points

• Martingale Asset Management L P significantly increased its stake in Signet Jewelers Limited by 126.3% in the first quarter, now owning 23,024 shares valued at approximately $1.34 million.
• Signet Jewelers reported a quarterly earnings per share (EPS) of $1.18, which surpassed analysts' expectations of $1.01, indicating a 2% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.32 per share, reflecting an annualized yield of 1.5%, although it has a high dividend payout ratio of 139.13%.

Martingale Asset Management L P boosted its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 126.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,024 shares of the company's stock after buying an additional 12,848 shares during the period. Martingale Asset Management L P owned 0.05% of Signet Jewelers worth $1,337,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in shares of Signet Jewelers by 42,700.0% during 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 holdings in shares of Signet Jewelers by 946.8% during 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 acquired a new position in shares of Signet Jewelers during the 1st quarter worth approximately $36,000. Versant Capital Management Inc boosted its holdings in shares of Signet Jewelers by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after purchasing an additional 223 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Signet Jewelers during the 1st quarter worth approximately $45,000.

Signet Jewelers Stock Performance

SIG opened at $87.40 on Friday. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28. The stock has a market capitalization of $3.60 billion, a PE ratio of 95.00, a P/E/G ratio of 0.79 and a beta of 1.40. The business's 50 day moving average price is $80.95 and its 200 day moving average price is $66.73.

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

Signet Jewelers Announces Dividend

The company also recently declared 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 yield of 1.5%. The ex-dividend date was Friday, July 25th. Signet Jewelers's dividend payout ratio is 139.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SIG. CL King began coverage on Signet Jewelers in a report on Monday, May 5th. They set a "buy" rating and a $80.00 target price on the stock. Citigroup boosted their target price on Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Bank of America boosted their target price on Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Telsey Advisory Group boosted their target price on Signet Jewelers from $80.00 to $92.00 and gave the stock a "market perform" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group began 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. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.86.

Signet Jewelers 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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