Signet Jewelers Limited $SIG Position Lifted by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC raised its stake in Signet Jewelers Limited (NYSE:SIG) by 14.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 230,703 shares of the company’s stock after purchasing an additional 28,967 shares during the period. Bridgeway Capital Management LLC owned 0.56% of Signet Jewelers worth $18,352,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in Signet Jewelers in the second quarter worth about $29,000. Brooklyn Investment Group lifted its holdings in Signet Jewelers by 42,700.0% during the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock worth $25,000 after buying an additional 427 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after acquiring an additional 428 shares in the last quarter. Quarry LP bought a new stake in shares of Signet Jewelers in the 1st quarter valued at approximately $54,000. Finally, Allworth Financial LP increased its holdings in shares of Signet Jewelers by 205.9% in the 2nd quarter. Allworth Financial LP now owns 1,505 shares of the company’s stock valued at $120,000 after acquiring an additional 1,013 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $96.00 target price (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Bank of America raised their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group started coverage on shares of Signet Jewelers in a research report on Thursday. They set a “neutral” rating and a $96.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.67.

Signet Jewelers Stock Performance

Shares of SIG opened at $87.49 on Friday. The firm has a fifty day moving average of $97.61 and a 200-day moving average of $88.52. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 1.12 and a beta of 1.12. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $110.20.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.47. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s payout ratio is currently 38.21%.

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.