One Way Holdings LLC Purchases New Stake in Signet Jewelers Limited $SIG

Key Points

• One Way Holdings LLC acquired 118,309 Signet Jewelers shares worth approximately $12.1 million during the third quarter, representing about 0.31% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $125.56; several firms recently raised their targets, including Citigroup to $140.
• Signet reported quarterly EPS of $2.19, beating expectations of $1.69, while revenue was $1.53 billion. The company also declared a quarterly dividend of $0.35 per share, yielding about 1.2% annually.

One Way Holdings LLC bought a new position in Signet Jewelers Limited (NYSE:SIG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 118,309 shares of the company's stock, valued at approximately $12,107,000. One Way Holdings LLC owned approximately 0.31% of Signet Jewelers as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Signet Jewelers by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,451,725 shares of the company's stock worth $207,504,000 after purchasing an additional 58,771 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Signet Jewelers by 16.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,015,230 shares of the company's stock worth $85,929,000 after purchasing an additional 145,654 shares during the period. Junto Capital Management LP lifted its stake in shares of Signet Jewelers by 96.3% in the 2nd quarter. Junto Capital Management LP now owns 417,016 shares of the company's stock worth $35,947,000 after purchasing an additional 204,596 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Signet Jewelers by 7.9% in the 1st quarter. Pacer Advisors Inc. now owns 283,706 shares of the company's stock worth $24,013,000 after purchasing an additional 20,780 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Signet Jewelers by 35.9% in the first quarter. Principal Financial Group Inc. now owns 265,235 shares of the company's stock worth $22,449,000 after buying an additional 70,110 shares during the last quarter.

Insider Buying and Selling at Signet Jewelers

In related news, insider Stash Ptak sold 1,595 shares of the company's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $120.00, for a total value of $191,400.00. Following the completion of the transaction, the insider owned 20,833 shares of the company's stock, valued at approximately $2,499,960. This represents a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SIG shares. Bank of America boosted their target price on shares of Signet Jewelers from $102.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, September 10th. Citigroup lifted their price target on shares of Signet Jewelers from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, September 10th. Stephens reissued an "overweight" rating and set a $130.00 price objective on shares of Signet Jewelers in a research report on Tuesday, September 8th. UBS Group boosted their price objective on shares of Signet Jewelers from $122.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Finally, Wells Fargo & Company upped their price objective on Signet Jewelers from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.56.

Signet Jewelers Trading Up 0.1%

Shares of NYSE:SIG opened at $117.72 on Monday. The stock has a 50 day moving average of $101.12 and a 200 day moving average of $92.10. The company has a market cap of $4.51 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.65 and a beta of 1.05. Signet Jewelers Limited has a 12-month low of $71.61 and a 12-month high of $122.64.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.50. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the business earned $1.61 EPS. The firm's revenue was down .5% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Equities research analysts predict that Signet Jewelers Limited will post 11.70 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 23rd will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, October 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Signet Jewelers's payout ratio is 16.13%.

About Signet Jewelers

Signet Jewelers Limited NYSE: SIG is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.

Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.

The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.

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