Signet Jewelers Limited $SIG Shares Sold by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. has reduced its stake in Signet Jewelers by 27.6%, now owning approximately 9.39% of the company, valued at about $233.92 million.
• Signet Jewelers reported $1.61 earnings per share, surpassing analysts' expectations, with quarterly revenue of $1.54 billion, a 3% year-over-year increase.
• The company declared a quarterly dividend of $0.32 per share, to be paid on November 21st, representing an annual yield of 1.4%.

Select Equity Group L.P. reduced its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 27.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,028,856 shares of the company's stock after selling 1,532,059 shares during the quarter. Select Equity Group L.P. owned about 9.39% of Signet Jewelers worth $233,915,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group lifted its holdings in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after buying an additional 427 shares during the period. Allworth Financial LP lifted its holdings in shares of Signet Jewelers by 946.8% in the 1st 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 period. Headlands Technologies LLC acquired a new stake in shares of Signet Jewelers in the 1st quarter valued at approximately $36,000. Versant Capital Management Inc lifted its holdings in shares of Signet Jewelers by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after buying an additional 223 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in shares of Signet Jewelers in the 1st quarter valued at approximately $45,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $92.00 price target on shares of Signet Jewelers in a report on Tuesday, September 2nd. Wells Fargo & Company reaffirmed a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Wall Street Zen raised Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday. Bank of America raised their price objective on Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Finally, Citigroup raised their price objective on Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $97.71.

Signet Jewelers Stock Down 1.9%

Shares of SIG stock traded down $1.78 during mid-day trading on Tuesday, hitting $90.87. 558,361 shares of the company's stock were exchanged, compared to its average volume of 1,113,401. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $106.28. The stock has a 50-day simple moving average of $83.03 and a two-hundred day simple moving average of $69.71. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.06 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data 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. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The business's revenue was up 3.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. As a group, analysts anticipate that Signet Jewelers Limited will post 8.73 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 21st. Investors of record on Friday, October 24th will be issued a $0.32 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Signet Jewelers's dividend payout ratio (DPR) is presently 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.