Signet Jewelers Target of Unusually Large Options Trading (NYSE:SIG)

Key Points

• Signet Jewelers experienced a significant increase in put options trading, with 2,646 options purchased, marking a 64% rise from the average daily volume.
• Several hedge funds have increased their stakes in Signet, with notable purchases from Charles Schwab Investment Management and Arrowstreet Capital, indicating strong institutional interest.
• The company's recent earnings report showed a revenue of $1.54 billion, exceeding analyst expectations, and it provided an EPS guidance of 7.700-9.380 for FY 2026.

Signet Jewelers Limited (NYSE:SIG - Get Free Report) saw unusually large options trading on Wednesday. Traders purchased 2,646 put options on the stock. Thisrepresentsanincreaseof64% compared to the typical daily volume of 1,616 put options.

Hedge Funds Weigh In On Signet Jewelers

Several large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Signet Jewelers by 175.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock valued at $107,963,000 after purchasing an additional 1,183,214 shares during the period. Hood River Capital Management LLC purchased a new stake in Signet Jewelers in the second quarter valued at approximately $56,537,000. Arrowstreet Capital Limited Partnership raised its position in Signet Jewelers by 321.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company's stock valued at $68,554,000 after purchasing an additional 657,444 shares during the period. Divisadero Street Capital Management LP purchased a new stake in Signet Jewelers in the second quarter valued at approximately $50,342,000. Finally, Vanguard Group Inc. raised its position in Signet Jewelers by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock valued at $302,258,000 after purchasing an additional 389,852 shares during the period.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock traded up $3.57 during trading hours on Wednesday, hitting $91.40. The company's stock had a trading volume of 618,789 shares, compared to its average volume of 1,330,081. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $106.28. The firm has a fifty day moving average of $81.15 and a 200-day moving average of $67.19. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 99.34, a P/E/G ratio of 0.77 and a beta of 1.40.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.01 by $0.17. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%.The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company posted $1.11 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. On average, sell-side analysts expect that Signet Jewelers 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 was paid on Friday, August 22nd. Stockholders of record on Friday, July 25th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, July 25th. Signet Jewelers's dividend payout ratio is 139.13%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SIG. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Wall Street Zen lowered shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. CL King began coverage on shares of Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 target price on the stock. Telsey Advisory Group reissued a "market perform" rating and issued a $92.00 target price on shares of Signet Jewelers in a research note on Tuesday. Finally, Bank of America raised their target price on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Signet Jewelers currently has an average rating of "Moderate Buy" and a consensus target price of $88.86.

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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