MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Position in Signet Jewelers Limited $SIG

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. boosted its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 169.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,942 shares of the company's stock after buying an additional 40,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.15% of Signet Jewelers worth $3,771,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Signet Jewelers during the first quarter worth approximately $2,112,000. Wealth Enhancement Advisory Services LLC acquired a new position in Signet Jewelers during the first quarter worth approximately $254,000. Principal Financial Group Inc. increased its position in Signet Jewelers by 1.4% during the first quarter. Principal Financial Group Inc. now owns 216,455 shares of the company's stock worth $12,567,000 after buying an additional 2,920 shares during the period. Exchange Traded Concepts LLC acquired a new position in Signet Jewelers during the first quarter worth approximately $250,000. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Signet Jewelers by 56.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company's stock valued at $10,494,000 after purchasing an additional 65,234 shares during the period.

Signet Jewelers Stock Up 2.5%

Shares of Signet Jewelers stock traded up $2.36 during trading on Thursday, reaching $96.86. The company's stock had a trading volume of 821,481 shares, compared to its average volume of 1,085,830. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $106.28. The company has a market capitalization of $3.97 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18. The business has a 50 day moving average price of $84.57 and a 200-day moving average price of $71.61.

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

Signet Jewelers Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on SIG shares. Wall Street Zen raised Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Telsey Advisory Group reissued a "market perform" rating and issued a $92.00 target price on shares of Signet Jewelers in a report on Tuesday, September 2nd. UBS Group boosted their target price on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Wells Fargo & Company reissued a "cautious" rating on shares of Signet Jewelers in a report on Tuesday, September 2nd. Finally, Bank of America boosted their target price on Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Four 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 stock. According to MarketBeat.com, Signet Jewelers currently has a consensus rating of "Hold" and a consensus target price 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.