VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Signet Jewelers Limited $SIG

Key Points

• The Virginia Retirement Systems acquired a new stake in Signet Jewelers Limited worth approximately $1.1 million during the second quarter.
• Analysts have recently raised their price targets for Signet Jewelers, with some firms predicting a range of $90.00 to $110.00, and the stock currently has a consensus rating of "Moderate Buy."
• Signet Jewelers reported a 3% increase in revenue year-over-year, along with earnings per share (EPS) of $1.61 which exceeded expectations by $0.40.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Signet Jewelers Limited (NYSE:SIG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,912 shares of the company's stock, valued at approximately $1,107,000.

Several other hedge funds also recently modified their holdings of the business. US Bancorp DE boosted its position in shares of Signet Jewelers by 0.4% in the second quarter. US Bancorp DE now owns 30,302 shares of the company's stock valued at $2,411,000 after acquiring an additional 121 shares during the period. Yousif Capital Management LLC boosted its position in shares of Signet Jewelers by 0.8% in the second quarter. Yousif Capital Management LLC now owns 17,220 shares of the company's stock valued at $1,370,000 after acquiring an additional 133 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Signet Jewelers by 2.9% in the second quarter. SummerHaven Investment Management LLC now owns 9,478 shares of the company's stock valued at $754,000 after purchasing an additional 264 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of Signet Jewelers by 1.6% in the first quarter. Cresset Asset Management LLC now owns 18,019 shares of the company's stock valued at $1,046,000 after purchasing an additional 282 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Signet Jewelers by 3.3% in the first quarter. Nisa Investment Advisors LLC now owns 10,784 shares of the company's stock valued at $626,000 after purchasing an additional 344 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on SIG. Wells Fargo & Company upped their target price on Signet Jewelers from $90.00 to $100.00 and gave the company an "equal weight" rating in a research note on Thursday. Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Weiss Ratings restated a "hold (c)" rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. Citigroup upped their target price on Signet Jewelers from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $92.00 price objective on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Signet Jewelers currently has a consensus rating of "Moderate Buy" and an average price target of $99.14.

Signet Jewelers Stock Up 0.0%

Shares of SIG opened at $104.49 on Friday. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $110.20. The business has a 50-day simple moving average of $93.70 and a two-hundred day simple moving average of $79.28. The stock has a market cap of $4.28 billion, a PE ratio of 35.06, a PEG ratio of 1.21 and a beta of 1.23.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued 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 quarter in the prior year, the firm earned $1.25 EPS. The business'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. On average, equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 24th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Signet Jewelers's dividend payout ratio is presently 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.

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