Signet Jewelers Limited $SIG Shares Bought by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC significantly increased its stake in Signet Jewelers by 236.2% during the first quarter, owning 201,736 shares valued at approximately $11.7 million.
• Analysts have set varying price targets for Signet Jewelers, with Citigroup raising its target from $100 to $110 while maintaining a "buy" rating, and the current consensus price target is $97.71.
• Signet Jewelers reported earnings per share of $1.61 in its latest quarter, surpassing expectations, along with a revenue increase of 3.0% year-over-year, totaling $1.54 billion.

Bridgeway Capital Management LLC raised its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 236.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 201,736 shares of the company's stock after purchasing an additional 141,736 shares during the quarter. Bridgeway Capital Management LLC owned 0.47% of Signet Jewelers worth $11,713,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SIG. AQR Capital Management LLC lifted its stake in Signet Jewelers by 131.7% during the 1st quarter. AQR Capital Management LLC now owns 175,556 shares of the company's stock valued at $10,193,000 after acquiring an additional 99,801 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Signet Jewelers during the 1st quarter valued at about $1,915,000. Royal Bank of Canada lifted its holdings in shares of Signet Jewelers by 87.2% in the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company's stock valued at $1,020,000 after buying an additional 8,183 shares during the period. Quarry LP acquired a new position in shares of Signet Jewelers in the 1st quarter valued at about $54,000. Finally, GMT Capital Corp boosted its stake in shares of Signet Jewelers by 3.9% in the first quarter. GMT Capital Corp now owns 130,200 shares of the company's stock worth $7,559,000 after buying an additional 4,900 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on SIG. Wells Fargo & Company reissued a "cautious" rating on shares of Signet Jewelers in a report on Tuesday. Jefferies Financial Group began coverage on shares of Signet Jewelers in a research note on Monday, June 16th. They issued a "buy" rating and a $102.00 target price for the company. Citigroup raised their target price on Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday. Telsey Advisory Group reaffirmed a "market perform" rating and set a $92.00 target price on shares of Signet Jewelers in a research note on Tuesday. Finally, Bank of America upped their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday. 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. According to MarketBeat, Signet Jewelers has a consensus rating of "Hold" and a consensus price target of $97.71.

Signet Jewelers Trading Down 2.1%

Shares of NYSE SIG opened at $88.57 on Thursday. The stock has a market cap of $3.64 billion, a PE ratio of 96.27, a P/E/G ratio of 0.79 and a beta of 1.18. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $106.28. The company has a 50-day moving average of $82.24 and a 200 day moving average of $68.57.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.40. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%.The business 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 business earned $1.25 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders 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 presently 139.13%.

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.

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