Trexquant Investment LP Makes New Investment in Signet Jewelers Limited $SIG

Key Points

• Trexquant Investment LP has purchased 24,382 shares of Signet Jewelers, valuing approximately $1.416 million, representing 0.06% of the company's stock.
• Signet Jewelers recently reported earnings of $1.61 per share for the last quarter, exceeding expectations, with a revenue of $1.54 billion.
• The company declared a quarterly dividend of $0.32, scheduled for payment on November 21st, reflecting an annualized dividend yield of 1.4%.

Trexquant Investment LP acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,382 shares of the company's stock, valued at approximately $1,416,000. Trexquant Investment LP owned approximately 0.06% of Signet Jewelers at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Eisler Capital Management Ltd. purchased a new stake in shares of Signet Jewelers in the first quarter worth approximately $1,734,000. Ieq Capital LLC acquired a new position in Signet Jewelers during the first quarter valued at approximately $998,000. Rafferty Asset Management LLC grew its holdings in Signet Jewelers by 30.5% during the first quarter. Rafferty Asset Management LLC now owns 6,371 shares of the company's stock valued at $370,000 after purchasing an additional 1,489 shares during the last quarter. Islay Capital Management LLC acquired a new position in shares of Signet Jewelers during the first quarter worth approximately $1,402,000. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Signet Jewelers by 56.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company's stock valued at $10,494,000 after purchasing an additional 65,234 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. 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, September 3rd. Telsey Advisory Group reissued a "market perform" rating and set a $92.00 price objective on shares of Signet Jewelers in a report on Tuesday, September 2nd. Jefferies Financial Group assumed coverage on Signet Jewelers in a report on Monday, June 16th. They issued a "buy" rating and a $102.00 price target for the company. Finally, Wells Fargo & Company reaffirmed a "cautious" rating on shares of Signet Jewelers in a report on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Stock Performance

NYSE SIG traded down $1.78 during trading hours on Tuesday, reaching $90.87. 558,361 shares of the company's stock were exchanged, compared to its average volume of 1,347,201. The company's 50-day moving average is $82.89 and its two-hundred day moving average is $69.56. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $106.28. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.40. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the business earned $1.25 EPS. Signet Jewelers'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. Research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

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

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.