Rhumbline Advisers Sells 6,047 Shares of Signet Jewelers Limited $SIG

Key Points

• Rhumbline Advisers reduced its stake in Signet Jewelers by 4.5% during the first quarter, now owning approximately 0.30% of the company worth $7.37 million.
• Signet reported earnings of $1.61 EPS for the quarter, surpassing analysts' expectations of $1.21, with revenues also up 3.0% year-over-year to $1.54 billion.
• The company announced a quarterly dividend of $0.32 per share, representing an annual yield of 1.4%, payable on November 21st, with a record date of October 24th.

Rhumbline Advisers reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,986 shares of the company's stock after selling 6,047 shares during the period. Rhumbline Advisers owned 0.30% of Signet Jewelers worth $7,373,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strs Ohio acquired a new position in Signet Jewelers in the 1st quarter valued at approximately $598,000. Bayforest Capital Ltd acquired a new stake in shares of Signet Jewelers during the 1st quarter worth about $1,095,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Signet Jewelers by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company's stock valued at $7,117,000 after buying an additional 10,964 shares in the last quarter. Optimize Financial Inc grew its stake in Signet Jewelers by 118.7% during the first quarter. Optimize Financial Inc now owns 14,416 shares of the company's stock worth $837,000 after buying an additional 7,825 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company's stock worth $49,333,000 after buying an additional 213,365 shares in the last quarter.

Signet Jewelers Trading Up 1.5%

Shares of SIG stock traded up $1.33 on Monday, hitting $92.40. The stock had a trading volume of 632,941 shares, compared to its average volume of 1,330,367. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The firm has a market cap of $3.80 billion, a P/E ratio of 31.01, a PEG ratio of 1.04 and a beta of 1.18. The company has a fifty day moving average price of $83.51 and a two-hundred day moving average price of $70.69.

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

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 24th will be paid a $0.32 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.28 annualized dividend and a yield of 1.4%. Signet Jewelers's payout ratio is presently 42.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SIG. Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Citigroup upped their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Bank of America upped their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. 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 objective for the company. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $92.00 price objective on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Company 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.