Rhumbline Advisers Reduces Stock Holdings in 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 lessened 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 filing with the Securities and Exchange Commission. The fund owned 126,986 shares of the company's stock after selling 6,047 shares during the period. Rhumbline Advisers owned approximately 0.30% of Signet Jewelers worth $7,373,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group grew its position in Signet Jewelers by 42,700.0% during the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company's stock worth $25,000 after purchasing an additional 427 shares during the last quarter. Allworth Financial LP grew its position in Signet Jewelers by 946.8% during the 1st quarter. Allworth Financial LP now owns 492 shares of the company's stock worth $29,000 after purchasing an additional 445 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Signet Jewelers during the 1st quarter worth approximately $36,000. Versant Capital Management Inc lifted its stake in 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 acquiring an additional 223 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in Signet Jewelers during the 1st quarter valued at approximately $45,000.

Signet Jewelers Trading Up 1.7%

NYSE:SIG traded up $1.61 during trading hours on Wednesday, reaching $94.02. 207,185 shares of the company were exchanged, compared to its average volume of 1,319,711. The stock's 50-day moving average is $83.98 and its 200-day moving average is $71.12. The firm has a market cap of $3.85 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 1.05 and a beta of 1.18. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The company's revenue for the quarter 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. As a group, research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced 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 dividend payout ratio is presently 42.95%.

Analyst Upgrades and Downgrades

SIG has been the subject of several research reports. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Telsey Advisory Group restated a "market perform" rating and set a $92.00 price objective on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Wells Fargo & Company restated a "cautious" rating on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Bank of America lifted their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Finally, UBS Group lifted their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus 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.