Maverick Capital Ltd. Invests $1.92 Million in Signet Jewelers Limited $SIG

Key Points

• Maverick Capital Ltd. has invested $1.92 million in Signet Jewelers Limited, acquiring approximately 32,981 shares during the 1st quarter.
• Analysts have given Signet Jewelers a consensus rating of "Moderate Buy" with a target price averaging $88.86, reflecting positive expectations for the stock's performance.
• Signet Jewelers reported a 2.0% year-over-year revenue increase for the latest quarter, with earnings per share surpassing estimates at $1.18.

Maverick Capital Ltd. acquired a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 32,981 shares of the company's stock, valued at approximately $1,915,000. Maverick Capital Ltd. owned 0.08% of Signet Jewelers as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its stake in Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after buying an additional 427 shares during the period. Allworth Financial LP increased its stake in Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after buying an additional 445 shares during the period. Headlands Technologies LLC acquired a new position in Signet Jewelers in the 1st quarter valued at approximately $36,000. Versant Capital Management Inc increased its stake in Signet Jewelers by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after buying an additional 223 shares during the period. Finally, Byrne Asset Management LLC acquired a new position in Signet Jewelers in the 1st quarter valued at approximately $45,000.

Signet Jewelers Price Performance

NYSE:SIG traded up $3.04 during midday trading on Friday, reaching $93.59. The stock had a trading volume of 1,196,928 shares, compared to its average volume of 1,088,454. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $106.28. The firm's fifty day simple moving average is $82.63 and its 200-day simple moving average is $69.08. The stock has a market capitalization of $3.85 billion, a P/E ratio of 31.41, a PEG ratio of 1.03 and a beta of 1.18.

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

Signet Jewelers Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on SIG shares. Bank of America upped their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday. UBS Group increased their price target on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday. Jefferies Financial Group assumed coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They set a "buy" rating and a $102.00 price target on the stock. Finally, Citigroup increased their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday. Four research 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, the stock currently has a consensus 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.