Mirae Asset Global Investments Co. Ltd. Grows Position in Signet Jewelers Limited $SIG

Key Points

• Mirae Asset Global Investments increased its stake in Signet Jewelers by 8.7%, owning about 0.09% of the company worth approximately $3.1 million after purchasing an additional 3,136 shares during the 2nd quarter.
• Multiple hedge funds, including Vanguard Group and Goldman Sachs Group, also raised their stakes in Signet Jewelers, indicating growing investor confidence in the company.
• Signet Jewelers reported $1.61 EPS for the last quarter, beating estimates, and announced a quarterly dividend of $0.32 per share with a yield of 1.4%, set to be paid on November 21st.

Mirae Asset Global Investments Co. Ltd. raised its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,033 shares of the company's stock after buying an additional 3,136 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Signet Jewelers worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of 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. Charles Schwab Investment Management Inc. raised its stake in shares of Signet Jewelers by 175.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock worth $107,963,000 after acquiring an additional 1,183,214 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Signet Jewelers by 17.1% during the 1st quarter. American Century Companies Inc. now owns 1,347,346 shares of the company's stock worth $78,227,000 after acquiring an additional 196,905 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company's stock worth $49,333,000 after acquiring an additional 213,365 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Signet Jewelers by 35.2% during the 1st quarter. Brown Advisory Inc. now owns 846,927 shares of the company's stock worth $49,173,000 after acquiring an additional 220,610 shares in the last quarter.

Analysts Set New Price Targets

SIG has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Jefferies Financial Group started coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They set a "buy" rating and a $102.00 price objective for the company. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Citigroup upped their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Signet Jewelers in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $97.71.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $93.52 on Wednesday. The company's fifty day moving average price is $88.07 and its 200 day moving average price is $75.87. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $106.28. The company has a market capitalization of $3.83 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.07 and a beta of 1.23.

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

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, October 24th. Signet Jewelers's dividend payout ratio (DPR) is presently 42.95%.

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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