Signet Jewelers Limited $SIG Position Reduced by Southeast Asset Advisors LLC

Key Points

• Southeast Asset Advisors LLC reduced its stake in Signet Jewelers by 19.4%, owning 29,730 shares valued at approximately $1.73 million.
• Signet Jewelers experienced analyst upgrades, with price targets raised by multiple firms, including Bank of America and Telsey Advisory Group, suggesting a positive outlook on the stock.
• The company reported quarterly earnings of $1.18 EPS, exceeding expectations and showing a 2.0% revenue increase year-over-year with a total of $1.54 billion for the quarter.

Southeast Asset Advisors LLC trimmed its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 19.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,730 shares of the company's stock after selling 7,142 shares during the quarter. Southeast Asset Advisors LLC owned approximately 0.07% of Signet Jewelers worth $1,726,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC boosted its stake in Signet Jewelers by 56.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company's stock valued at $10,494,000 after acquiring an additional 65,234 shares during the last quarter. Martingale Asset Management L P boosted its stake in Signet Jewelers by 126.3% during the 1st quarter. Martingale Asset Management L P now owns 23,024 shares of the company's stock valued at $1,337,000 after acquiring an additional 12,848 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Signet Jewelers by 109.4% during the 1st quarter. Hsbc Holdings PLC now owns 6,601 shares of the company's stock valued at $380,000 after acquiring an additional 3,448 shares during the last quarter. Brooklyn Investment Group boosted its stake in Signet Jewelers by 42,700.0% during the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock valued at $25,000 after acquiring an additional 427 shares during the last quarter. Finally, Versor Investments LP bought a new position in Signet Jewelers during the 1st quarter valued at $250,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on SIG. Bank of America increased their price objective on shares of Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Telsey Advisory Group raised their price target on shares of Signet Jewelers from $80.00 to $92.00 and gave the stock a "market perform" rating in a research report on Friday, July 25th. Jefferies Financial Group started coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They issued a "buy" rating and a $102.00 price target on the stock. UBS Group raised their price target on shares of Signet Jewelers from $84.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, CL King started coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They issued a "buy" rating and a $80.00 price target on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.86.

Signet Jewelers Trading Up 6.1%

Shares of NYSE:SIG opened at $87.40 on Friday. The firm's 50 day moving average is $80.95 and its two-hundred day moving average is $66.73. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28. The firm has a market capitalization of $3.60 billion, a P/E ratio of 95.00, a PEG ratio of 0.79 and a beta of 1.40.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.01 by $0.17. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business earned $1.11 earnings per share. Signet Jewelers's revenue was up 2.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. Analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, July 25th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.28 annualized dividend and a yield of 1.5%. Signet Jewelers's dividend payout ratio (DPR) is presently 139.13%.

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.

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