Signet Jewelers Limited $SIG Stake Cut 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 position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 27.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,028,856 shares of the company's stock after selling 1,532,059 shares during the period. Select Equity Group L.P. owned approximately 9.39% of Signet Jewelers worth $233,915,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. 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 research note on Wednesday, September 3rd. Wells Fargo & Company reiterated a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Jefferies Financial Group assumed coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They set a "buy" rating and a $102.00 target price for the company. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $92.00 price objective on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Stock Performance

NYSE SIG traded down $1.55 on Friday, reaching $91.29. The company's stock had a trading volume of 152,615 shares, compared to its average volume of 1,332,369. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The stock has a market cap of $3.76 billion, a PE ratio of 30.63, a PEG ratio of 1.04 and a beta of 1.18. The firm's 50 day moving average is $83.36 and its two-hundred day moving average is $70.15.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. The business's quarterly 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. Equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

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

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.