Wedge Capital Management L L P NC Has $5.67 Million Stock Holdings in Signet Jewelers Limited $SIG

Key Points

• Wedge Capital Management increased its holdings in Signet Jewelers by 35.7%, acquiring an additional 18,729 shares, bringing its total ownership to 71,233 shares valued at approximately $5.67 million.
• Signet Jewelers reported a quarterly EPS of $1.61, exceeding analyst expectations, and had a year-over-year revenue increase of 3% with total revenue for the quarter at $1.54 billion.
• The company also declared a quarterly dividend of $0.32, with a 1.3% dividend yield, highlighting consistent shareholder returns.

Wedge Capital Management L L P NC increased its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 35.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,233 shares of the company's stock after acquiring an additional 18,729 shares during the quarter. Wedge Capital Management L L P NC owned about 0.17% of Signet Jewelers worth $5,667,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of Signet Jewelers by 40.5% during the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock worth $45,000 after purchasing an additional 223 shares during the period. SummerHaven Investment Management LLC increased its stake in Signet Jewelers by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 9,214 shares of the company's stock valued at $535,000 after acquiring an additional 242 shares during the period. Cresset Asset Management LLC increased its stake in 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 acquiring an additional 282 shares during the period. Yousif Capital Management LLC increased its stake in Signet Jewelers by 2.0% in the first quarter. Yousif Capital Management LLC now owns 17,087 shares of the company's stock valued at $992,000 after acquiring an additional 341 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in 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 buying an additional 344 shares in the last quarter.

Signet Jewelers Stock Up 1.3%

Shares of NYSE SIG traded up $1.25 during mid-day trading on Tuesday, reaching $96.32. 284,146 shares of the company were exchanged, compared to its average volume of 1,313,192. The company's 50-day simple moving average is $85.18 and its 200-day simple moving average is $72.57. The stock has a market capitalization of $3.94 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.09 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 quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $1.25 earnings per share. 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. As a group, equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. 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. Telsey Advisory Group restated a "market perform" rating and issued a $92.00 price target on shares of Signet Jewelers in a research report on Tuesday, September 2nd. 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. Jefferies Financial Group assumed coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They issued a "buy" rating and a $102.00 price target on the stock. Finally, Wells Fargo & Company restated a "cautious" rating on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $97.71.

Signet Jewelers Company 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.