Signet Jewelers Limited $SIG Shares Sold by Khrom Capital Management LLC

Key Points

• Khrom Capital Management LLC has reduced its stake in Signet Jewelers by 51.5%, now holding approximately 557,952 shares, making it the 10th largest position in their investment portfolio.
• Signet Jewelers recently reported earnings of $1.18 per share, surpassing estimates, and had a quarterly revenue of $1.54 billion, up 2.0% year-over-year.
• The company declared a quarterly dividend of $0.32, yielding 1.5%, with a high payout ratio of 139.13%.

Khrom Capital Management LLC cut its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 51.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 557,952 shares of the company's stock after selling 591,730 shares during the period. Signet Jewelers comprises approximately 4.3% of Khrom Capital Management LLC's investment portfolio, making the stock its 10th biggest holding. Khrom Capital Management LLC owned approximately 1.30% of Signet Jewelers worth $32,395,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Signet Jewelers by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock worth $302,258,000 after buying an additional 389,852 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Signet Jewelers by 175.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock worth $107,963,000 after purchasing an additional 1,183,214 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Signet Jewelers by 17.1% during the first quarter. American Century Companies Inc. now owns 1,347,346 shares of the company's stock worth $78,227,000 after purchasing an additional 196,905 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Signet Jewelers by 37.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock worth $85,155,000 after buying an additional 286,974 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Signet Jewelers by 35.2% during the first quarter. Brown Advisory Inc. now owns 846,927 shares of the company's stock valued at $49,173,000 after acquiring an additional 220,610 shares during the period.

Wall Street Analysts Forecast Growth

SIG has been the topic of several analyst reports. UBS Group lifted their target price on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday. Citigroup lifted their price objective on Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday. Bank of America lifted their price objective on Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday. Wells Fargo & Company reissued a "cautious" rating on shares of Signet Jewelers in a report on Tuesday. Finally, Jefferies Financial Group began coverage on Signet Jewelers in a research note on Monday, June 16th. They issued a "buy" rating and a $102.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Signet Jewelers currently has an average rating of "Hold" and an average target price of $97.71.

Signet Jewelers Trading Down 2.1%

Signet Jewelers stock traded down $1.89 during trading on Wednesday, reaching $88.57. The company had a trading volume of 1,927,267 shares, compared to its average volume of 884,595. The firm's 50-day simple moving average is $82.24 and its 200 day simple moving average is $68.57. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 96.27, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.40. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.50 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 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

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