Signet Jewelers Limited $SIG Stock Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in shares of Signet Jewelers Limited (NYSE:SIG) by 592.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,543 shares of the company’s stock after buying an additional 4,742 shares during the period. Sterling Capital Management LLC’s holdings in Signet Jewelers were worth $567,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SIG. Parallel Advisors LLC increased its holdings in Signet Jewelers by 101.0% in the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after buying an additional 198 shares during the period. Farther Finance Advisors LLC raised its position in shares of Signet Jewelers by 46.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 842 shares of the company’s stock valued at $86,000 after buying an additional 266 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Signet Jewelers by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,522 shares of the company’s stock worth $360,000 after acquiring an additional 357 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Signet Jewelers during the 2nd quarter worth approximately $32,000. Finally, Convergence Investment Partners LLC lifted its holdings in shares of Signet Jewelers by 2.4% during the 1st quarter. Convergence Investment Partners LLC now owns 15,840 shares of the company’s stock worth $1,341,000 after acquiring an additional 377 shares during the period.

Insider Transactions at Signet Jewelers

In related news, insider Stash Ptak sold 1,595 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $120.00, for a total value of $191,400.00. Following the completion of the transaction, the insider owned 20,833 shares of the company’s stock, valued at $2,499,960. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.17% of the stock is currently owned by corporate insiders.

Signet Jewelers Trading Down 0.2%

Shares of NYSE SIG opened at $115.04 on Thursday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.64 and a beta of 1.10. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $122.64. The stock has a 50-day moving average price of $99.70 and a two-hundred day moving average price of $91.77.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, September 9th. The company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.50. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, sell-side analysts predict that Signet Jewelers Limited will post 11.70 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 23rd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 23rd. Signet Jewelers’s dividend payout ratio is currently 16.13%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SIG. Wells Fargo & Company increased their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 9th. Citigroup boosted their price objective on shares of Signet Jewelers from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Raymond James Financial upped their target price on Signet Jewelers from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. Bank of America raised their target price on Signet Jewelers from $102.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Finally, Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.56.

About Signet Jewelers

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.

Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.

The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.