Signet Jewelers Limited $SIG Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in Signet Jewelers by 169.8% in the first quarter, owning approximately 0.15% of the company, valued at $3.77 million.
• Several hedge funds, including Deutsche Bank and Lazard Asset Management, have also increased their positions in Signet Jewelers, indicating strong institutional interest in the stock.
• Signet Jewelers reported earnings of $1.61 per share, exceeding consensus estimates, and has declared a quarterly dividend of $0.32 per share, yielding 1.4% annually.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 169.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,942 shares of the company's stock after purchasing an additional 40,876 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.15% of Signet Jewelers worth $3,771,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Signet Jewelers by 175.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock worth $107,963,000 after purchasing an additional 1,183,214 shares during the last quarter. Vanguard Group Inc. boosted its stake in Signet Jewelers by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock worth $302,258,000 after purchasing an additional 389,852 shares during the period. Nuveen LLC bought a new position in shares of Signet Jewelers during the 1st quarter valued at approximately $21,646,000. Brown Advisory Inc. raised its position in Signet Jewelers by 35.2% during the 1st quarter. Brown Advisory Inc. now owns 846,927 shares of the company's stock valued at $49,173,000 after purchasing an additional 220,610 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Signet Jewelers by 17.1% in the 1st quarter. American Century Companies Inc. now owns 1,347,346 shares of the company's stock worth $78,227,000 after purchasing an additional 196,905 shares in the last quarter.

Signet Jewelers Trading Up 1.5%

SIG stock traded up $1.33 during mid-day trading on Monday, hitting $92.40. 632,941 shares of the company were exchanged, compared to its average volume of 1,105,843. The stock has a market capitalization of $3.78 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 1.04 and a beta of 1.18. The business has a 50 day simple moving average of $83.72 and a 200-day simple moving average of $70.97. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last released 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company earned $1.25 EPS. Signet Jewelers's quarterly 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. Equities research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. Signet Jewelers's dividend payout ratio (DPR) is presently 42.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SIG shares. Telsey Advisory Group reissued a "market perform" rating and set a $92.00 target price on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Jefferies Financial Group initiated coverage on Signet Jewelers in a research report on Monday, June 16th. They issued a "buy" rating and a $102.00 price objective for the company. Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Bank of America lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Finally, UBS Group raised their price target 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. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Signet Jewelers has a consensus rating of "Hold" and an average price target of $97.71.

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.