Canada Pension Plan Investment Board Acquires 110,200 Shares of Signet Jewelers Limited $SIG

Key Points

• Canada Pension Plan Investment Board significantly increased its holdings in Signet Jewelers Limited, boosting its shares by 18,366.7% during the 1st quarter, which now amounts to a value of approximately $6.4 million.
• Signet Jewelers reported a quarterly earnings EPS of $1.61, surpassing expectations, with revenue of $1.54 billion, reflecting a 3% year-over-year growth.
• Wall Street analysts predict a consensus rating of "Moderate Buy" for Signet Jewelers, with an average price target set around $91.00.

Canada Pension Plan Investment Board increased its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 18,366.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,800 shares of the company's stock after purchasing an additional 110,200 shares during the period. Canada Pension Plan Investment Board owned approximately 0.26% of Signet Jewelers worth $6,433,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake 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 purchasing an additional 427 shares in the last quarter. Allworth Financial LP boosted its stake 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 purchasing an additional 445 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Signet Jewelers in the 1st quarter valued at $36,000. Versant Capital Management Inc boosted its stake 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 purchasing an additional 223 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in shares of Signet Jewelers in the 1st quarter valued at $45,000.

Signet Jewelers Stock Up 3.4%

Shares of NYSE:SIG traded up $3.04 on Friday, hitting $93.59. The company had a trading volume of 1,196,928 shares, compared to its average volume of 1,088,454. The firm's 50-day simple moving average is $82.63 and its two-hundred day simple moving average is $69.18. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $106.28. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 1.07 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the company posted $1.25 EPS. The company's quarterly 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. Equities research analysts anticipate 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 will be paid on Friday, November 21st. Stockholders of record on Friday, October 24th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers's dividend payout ratio (DPR) is currently 42.95%.

Analysts Set New Price Targets

Several brokerages have weighed in on SIG. Citigroup increased their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company reissued a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday. UBS Group increased their price target on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Jefferies Financial Group began coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 price target for the company. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $97.71.

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.