Northern Trust Corp Sells 102,854 Shares of Signet Jewelers Limited $SIG

Key Points

• Northern Trust Corp reduced its stake in Signet Jewelers Limited by 16.4%, selling 102,854 shares and holding about 524,535 shares valued at approximately $30.5 million.
• Signet Jewelers reported a quarterly profit of $1.18 per share, exceeding estimates of $1.01, with revenues of $1.54 billion, marking a 2% year-over-year increase.
• The company recently announced a $0.32 quarterly dividend, translating to an annual yield of 1.5%, despite a high dividend payout ratio of 139.13%.

Northern Trust Corp cut its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 524,535 shares of the company's stock after selling 102,854 shares during the quarter. Northern Trust Corp owned approximately 1.22% of Signet Jewelers worth $30,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SIG. Charles Schwab Investment Management Inc. boosted its holdings in Signet Jewelers by 175.0% during 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 holdings in Signet Jewelers by 8.1% during the first 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 last quarter. Nuveen LLC purchased a new position in Signet Jewelers during the first quarter worth about $21,646,000. Janus Henderson Group PLC boosted its holdings in Signet Jewelers by 37.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock worth $85,155,000 after purchasing an additional 286,974 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Signet Jewelers by 35.2% during the first quarter. Brown Advisory Inc. now owns 846,927 shares of the company's stock worth $49,173,000 after purchasing an additional 220,610 shares during the last quarter.

Signet Jewelers Trading Down 2.1%

Shares of NYSE SIG traded down $1.89 during midday trading on Wednesday, hitting $88.57. The company's stock had a trading volume of 1,927,267 shares, compared to its average volume of 1,358,749. The stock has a fifty day moving average price of $82.06 and a 200 day moving average price of $68.43. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 96.27, a P/E/G ratio of 0.79 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 for the quarter, topping analysts' consensus estimates of $1.21 by $0.40. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. Signet Jewelers's revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, equities research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers's dividend payout ratio is 139.13%.

Analysts Set New Price Targets

Several research firms recently weighed in on SIG. Bank of America boosted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday. Jefferies Financial Group began coverage on shares of Signet Jewelers in a report on Monday, June 16th. They set a "buy" rating and a $102.00 price target on the stock. UBS Group lifted their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday. Citigroup lifted their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wells Fargo & Company reaffirmed a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday. Four 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 presently has an average rating of "Hold" and an average price target of $97.71.

About Signet Jewelers

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.