PKO Investment Management Joint Stock Co Has $278,000 Holdings in Signet Jewelers Limited $SIG

Key Points

• PKO Investment Management Joint Stock Co reduced its holdings in Signet Jewelers Limited by 50%, owning 3,500 shares valued at $278,000 after the sale.
• Signet Jewelers reported a quarterly EPS of $1.61, surpassing expectations, with revenues of $1.54 billion, reflecting a 3.0% increase year-over-year.
• The company announced a quarterly dividend of $0.32 per share, with a payout ratio of 42.95% and a dividend yield of 1.2%.

PKO Investment Management Joint Stock Co trimmed its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,500 shares of the company's stock after selling 3,500 shares during the period. PKO Investment Management Joint Stock Co's holdings in Signet Jewelers were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. US Bancorp DE lifted its holdings in Signet Jewelers by 0.4% during the 2nd quarter. US Bancorp DE now owns 30,302 shares of the company's stock valued at $2,411,000 after purchasing an additional 121 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Signet Jewelers by 0.8% in the second quarter. Yousif Capital Management LLC now owns 17,220 shares of the company's stock valued at $1,370,000 after purchasing an additional 133 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Signet Jewelers by 2.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,478 shares of the company's stock worth $754,000 after buying an additional 264 shares during the last quarter. Cresset Asset Management LLC grew its stake in Signet Jewelers by 1.6% in the 1st quarter. Cresset Asset Management LLC now owns 18,019 shares of the company's stock valued at $1,046,000 after buying an additional 282 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Signet Jewelers by 3.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 10,784 shares of the company's stock valued at $626,000 after buying an additional 344 shares during the last quarter.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $103.71 on Friday. The stock has a market capitalization of $4.25 billion, a PE ratio of 34.80, a P/E/G ratio of 1.20 and a beta of 1.23. The business has a fifty day moving average price of $94.13 and a two-hundred day moving average price of $79.84. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $110.20.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.40. The company 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%.Signet Jewelers's quarterly revenue was up 3.0% on a year-over-year basis. During the same period 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 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. Shareholders 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 1.2%. The ex-dividend date is Friday, October 24th. Signet Jewelers's payout ratio is currently 42.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SIG. Telsey Advisory Group restated a "market perform" rating and set a $92.00 price objective on shares of Signet Jewelers in a report on Tuesday, September 2nd. Bank of America lifted their price target on Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. UBS Group boosted their price target on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company increased their price objective on Signet Jewelers from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $99.14.

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.

Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.