Signet Jewelers Limited $SIG Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Signet Jewelers Limited (NYSE:SIG) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 962,737 shares of the company’s stock after selling 10,575 shares during the quarter. Geode Capital Management LLC’s holdings in Signet Jewelers were worth $79,805,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. LSV Asset Management boosted its position in shares of Signet Jewelers by 90.0% during the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock worth $89,332,000 after purchasing an additional 510,551 shares in the last quarter. Bowen Hanes & Co. Inc. purchased a new stake in shares of Signet Jewelers during the 3rd quarter worth $47,837,000. UBS Group AG boosted its position in shares of Signet Jewelers by 185.4% during the 4th quarter. UBS Group AG now owns 545,140 shares of the company’s stock worth $45,181,000 after purchasing an additional 354,108 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Signet Jewelers by 212.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock worth $48,016,000 after purchasing an additional 340,228 shares in the last quarter. Finally, Summit Street Capital Management LLC purchased a new stake in shares of Signet Jewelers during the 3rd quarter worth $25,328,000.

Wall Street Analyst Weigh In

SIG has been the topic of several research analyst reports. Wells Fargo & Company restated a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a research report on Friday, May 29th. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Telsey Advisory Group restated a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.88.

Signet Jewelers Trading Down 0.2%

NYSE:SIG opened at $83.13 on Monday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. The company’s 50-day moving average is $86.13 and its two-hundred day moving average is $89.11. Signet Jewelers Limited has a 12-month low of $71.61 and a 12-month high of $110.20.

Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. 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 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is 17.95%.

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.