Healthcare of Ontario Pension Plan Trust Fund Buys New Stake in Signet Jewelers Limited $SIG

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Signet Jewelers Limited (NYSE:SIG) during the first quarter, HoldingsChannel.com reports. The fund purchased 6,033 shares of the company’s stock, valued at approximately $511,000.

Other hedge funds have also bought and sold shares of the company. LSV Asset Management grew its position in shares of Signet Jewelers by 90.0% during the fourth quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock valued at $89,332,000 after purchasing an additional 510,551 shares in the last quarter. Clark Capital Management Group Inc. purchased a new stake in shares of Signet Jewelers in the fourth quarter worth about $35,815,000. UBS Group AG boosted its stake in Signet Jewelers by 185.4% during the fourth quarter. UBS Group AG now owns 545,140 shares of the company’s stock valued at $45,181,000 after buying an additional 354,108 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Signet Jewelers by 90.7% during the 4th quarter. Victory Capital Management Inc. now owns 639,771 shares of the company’s stock valued at $53,024,000 after buying an additional 304,288 shares in the last quarter. Finally, Summit Street Capital Management LLC purchased a new position in Signet Jewelers during the 3rd quarter valued at approximately $25,328,000.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $92.75 on Monday. The business’s 50 day moving average is $87.39 and its two-hundred day moving average is $88.77. Signet Jewelers Limited has a 1-year low of $71.61 and a 1-year high of $110.20. The stock has a market capitalization of $3.65 billion, a P/E ratio of 13.01, a PEG ratio of 0.97 and a beta of 1.16.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 10.65 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is presently 19.64%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zacks Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research report on Monday, July 6th. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Raymond James Financial assumed coverage on shares of Signet Jewelers in a research report on Thursday, July 23rd. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, Citigroup upped their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.00.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.