Louisiana State Employees Retirement System Takes Position in Signet Jewelers Limited $SIG

Louisiana State Employees Retirement System purchased a new position in shares of Signet Jewelers Limited (NYSE:SIG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,000 shares of the company’s stock, valued at approximately $1,524,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of Signet Jewelers by 212.3% in the first quarter. SG Americas Securities LLC now owns 53,431 shares of the company’s stock worth $4,522,000 after buying an additional 36,323 shares during the period. Hsbc Holdings PLC purchased a new position in Signet Jewelers in the 4th quarter worth approximately $231,000. Pacer Advisors Inc. grew its position in Signet Jewelers by 16.5% in the fourth quarter. Pacer Advisors Inc. now owns 262,926 shares of the company’s stock valued at $21,791,000 after acquiring an additional 37,238 shares in the last quarter. Invesco Ltd. grew its position in Signet Jewelers by 18.3% in the fourth quarter. Invesco Ltd. now owns 238,776 shares of the company’s stock valued at $19,790,000 after acquiring an additional 36,927 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Signet Jewelers by 21.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,548 shares of the company’s stock valued at $211,000 after purchasing an additional 445 shares during the period.

Signet Jewelers Stock Performance

NYSE:SIG opened at $84.66 on Thursday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.90 and a beta of 1.15. Signet Jewelers Limited has a one year low of $71.61 and a one year high of $110.20. The stock has a 50-day simple moving average of $85.22 and a 200 day simple moving average of $88.32.

Signet Jewelers (NYSE:SIG) last announced 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 firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.Signet Jewelers’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities research analysts forecast that Signet Jewelers Limited will post 10.57 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, July 24th. This represents a $1.40 annualized dividend and a yield of 1.7%. Signet Jewelers’s dividend payout ratio (DPR) is 13.46%.

Wall Street Analysts Forecast Growth

SIG has been the subject of several analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $96.00 target price on shares of Signet Jewelers in a research note on Thursday, March 19th. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Citigroup lifted their target price on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. Finally, Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.88.

Signet Jewelers Company Profile

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.