Dimensional Fund Advisors LP Trims Holdings in Signet Jewelers Limited $SIG

Key Points

• Dimensional Fund Advisors LP reduced its stake in Signet Jewelers by 7.4%, owning approximately 2.36 million shares worth $137 million after selling 189,156 shares in the first quarter.
• Signet Jewelers reported $1.18 earnings per share, exceeding estimates, and achieved $1.54 billion in revenue, marking a 2% year-over-year increase.
• The company recently declared a quarterly dividend of $0.32, equating to an annualized rate of $1.28 and a yield of 1.6%, with a high dividend payout ratio of 139.13%.

Dimensional Fund Advisors LP decreased its holdings in Signet Jewelers Limited (NYSE:SIG - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,361,077 shares of the company's stock after selling 189,156 shares during the quarter. Dimensional Fund Advisors LP owned 5.50% of Signet Jewelers worth $137,084,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SIG. Allworth Financial LP raised its position in Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after buying an additional 445 shares during the last quarter. Headlands Technologies LLC purchased a new position in Signet Jewelers in the 1st quarter worth about $36,000. Versant Capital Management Inc increased its position in shares of Signet Jewelers by 40.5% during 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 during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Signet Jewelers during the 1st quarter valued at about $45,000. Finally, Signaturefd LLC increased its position in shares of Signet Jewelers by 174.1% during the 1st quarter. Signaturefd LLC now owns 943 shares of the company's stock valued at $55,000 after purchasing an additional 599 shares during the last quarter.

Signet Jewelers Price Performance

Shares of NYSE SIG traded down $2.1320 during midday trading on Monday, reaching $85.1980. 625,591 shares of the stock traded hands, compared to its average volume of 1,335,277. The stock has a market capitalization of $3.51 billion, a PE ratio of 92.61, a P/E/G ratio of 0.79 and a beta of 1.40. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28. The company's 50 day moving average is $80.95 and its 200 day moving average is $66.82.

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

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, July 25th were given a $0.32 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. Signet Jewelers's dividend payout ratio (DPR) is currently 139.13%.

Analysts Set New Price Targets

SIG has been the subject of several research reports. UBS Group upped their price target on shares of Signet Jewelers from $84.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. CL King assumed coverage on Signet Jewelers in a research note on Monday, May 5th. They set a "buy" rating and a $80.00 price objective for the company. Wells Fargo & Company boosted their price objective on Signet Jewelers from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Bank of America boosted their price objective on Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Telsey Advisory Group boosted their price objective on Signet Jewelers from $80.00 to $92.00 and gave the company a "market perform" rating in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $88.86.

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.