Voya Investment Management LLC Sells 12,774 Shares of Signet Jewelers Limited $SIG

Key Points

• Voya Investment Management LLC has reduced its stake in Signet Jewelers by 53.4%, selling 12,774 shares in the first quarter, leaving them with 11,154 shares valued at approximately $648,000.
• Signet Jewelers reported quarterly earnings of $1.61 per share, exceeding analysts' expectations of $1.21, with a revenue of $1.54 billion during the same period.
• The company will distribute a quarterly dividend of $0.32 per share on November 21st, resulting in an annual yield of 1.3%.

Voya Investment Management LLC reduced its holdings in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 53.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,154 shares of the company's stock after selling 12,774 shares during the quarter. Voya Investment Management LLC's holdings in Signet Jewelers were worth $648,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Signet Jewelers during the 1st quarter worth $2,112,000. Wealth Enhancement Advisory Services LLC bought a new position in Signet Jewelers during the first quarter valued at about $254,000. Hotchkis & Wiley Capital Management LLC increased its holdings in Signet Jewelers by 56.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company's stock worth $10,494,000 after buying an additional 65,234 shares during the last quarter. Principal Financial Group Inc. raised its position in Signet Jewelers by 1.4% in the first quarter. Principal Financial Group Inc. now owns 216,455 shares of the company's stock worth $12,567,000 after acquiring an additional 2,920 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new position in Signet Jewelers in the first quarter valued at about $250,000.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $95.24 on Friday. The firm has a market capitalization of $3.90 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $106.28. The firm has a fifty day moving average of $86.16 and a 200 day moving average of $73.22.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.40. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers's payout ratio is presently 42.95%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SIG shares. Wells Fargo & Company reissued a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday, September 2nd. 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. Citigroup raised their target price on Signet Jewelers from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. UBS Group boosted their target price on Signet Jewelers from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen upgraded Signet Jewelers from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Four research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $97.71.

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.

Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.