24,382 Shares in Signet Jewelers Limited $SIG Acquired by Trexquant Investment LP

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 purchased a new position in Signet Jewelers Limited (NYSE:SIG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 24,382 shares of the company's stock, valued at approximately $1,416,000. Trexquant Investment LP owned about 0.06% of Signet Jewelers at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Signet Jewelers during the 1st quarter valued at about $2,112,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Signet Jewelers during the 1st quarter valued at about $254,000. Principal Financial Group Inc. boosted its position in shares of Signet Jewelers by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 216,455 shares of the company's stock valued at $12,567,000 after acquiring an additional 2,920 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Signet Jewelers during the 1st quarter valued at about $250,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of 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 acquiring an additional 65,234 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 target price on the stock. Wall Street Zen upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Bank of America boosted their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Citigroup boosted their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company restated a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Price Performance

Shares of SIG stock traded up $1.55 during trading hours on Thursday, reaching $93.05. 631,287 shares of the company were exchanged, compared to its average volume of 1,104,858. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $106.28. The stock's fifty day moving average is $83.36 and its two-hundred day moving average is $70.15. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 1.04 and a beta of 1.18.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $1.25 earnings per share. Signet Jewelers's quarterly 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, research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

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

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.