Optimize Financial Inc Increases Stock Holdings in Signet Jewelers Limited $SIG

Key Points

• Optimize Financial Inc increased its stake in Signet Jewelers Limited by 118.7% during the first quarter, acquiring an additional 7,825 shares worth approximately $837,000.
• Signet Jewelers announced a quarterly dividend of $0.32, representing an annualized yield of 1.4%, set to be paid on November 21st.
• The company's latest earnings report showed a net margin of 1.95% and a revenue growth of 3.0% year-over-year, exceeding analyst expectations.

Optimize Financial Inc lifted its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 118.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,416 shares of the company's stock after acquiring an additional 7,825 shares during the period. Optimize Financial Inc's holdings in Signet Jewelers were worth $837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group boosted its stake in Signet Jewelers by 42,700.0% during the first quarter. Brooklyn Investment Group now owns 428 shares of the company's stock worth $25,000 after buying an additional 427 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Signet Jewelers by 946.8% in the first quarter. Allworth Financial LP now owns 492 shares of the company's stock valued at $29,000 after buying an additional 445 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Signet Jewelers in the first quarter valued at about $36,000. Versant Capital Management Inc raised its holdings in Signet Jewelers by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after purchasing an additional 223 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new stake in Signet Jewelers during the 1st quarter worth about $45,000.

Signet Jewelers Price Performance

NYSE:SIG traded down $1.52 during trading hours on Friday, hitting $91.32. The company's stock had a trading volume of 483,536 shares, compared to its average volume of 1,106,137. The stock has a fifty day simple moving average of $83.51 and a 200-day simple moving average of $70.42. The company has a market capitalization of $3.76 billion, a P/E ratio of 30.64, a PEG ratio of 1.06 and a beta of 1.18. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.21 by $0.40. The firm had revenue of $1.54 billion during 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 business's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company 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. On average, equities analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

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

Wall Street Analysts Forecast Growth

SIG has been the subject of several analyst reports. Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. UBS Group boosted their target price on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Jefferies Financial Group started coverage on Signet Jewelers in a research note on Monday, June 16th. They issued a "buy" rating and a $102.00 target price on the stock. Citigroup upped their price objective on Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company restated a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.