Optimize Financial Inc Has $837,000 Position 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 grew its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 118.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,416 shares of the company's stock after buying an additional 7,825 shares during the period. Optimize Financial Inc's holdings in Signet Jewelers were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $107,963,000 after purchasing an additional 1,183,214 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Signet Jewelers by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock valued at $302,258,000 after purchasing an additional 389,852 shares in the last quarter. Nuveen LLC bought a new position in shares of Signet Jewelers during the 1st quarter valued at about $21,646,000. Janus Henderson Group PLC lifted its holdings in shares of Signet Jewelers by 37.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock valued at $85,155,000 after purchasing an additional 286,974 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings 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 valued at $49,173,000 after purchasing an additional 220,610 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SIG shares. Citigroup lifted their price objective on Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Telsey Advisory Group reissued a "market perform" rating and issued a $92.00 target price on shares of Signet Jewelers in a research report on Tuesday, September 2nd. UBS Group lifted their target price on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company reissued a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Finally, Bank of America lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $97.71.

Signet Jewelers Trading Down 1.6%

Shares of NYSE:SIG traded down $1.52 during trading on Friday, hitting $91.32. 483,536 shares of the company were exchanged, compared to its average volume of 1,106,137. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.06 and a beta of 1.18. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $106.28. The firm has a fifty day moving average price of $83.51 and a two-hundred day moving average price of $70.55.

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, topping the consensus estimate of $1.21 by $0.40. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. As a group, research analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Signet Jewelers's payout ratio is 42.95%.

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.