Signet Jewelers Limited $SIG Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS cut its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 12.8% during the second quarter, HoldingsChannel.com reports. The firm owned 12,300 shares of the company’s stock after selling 1,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Signet Jewelers were worth $978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Signet Jewelers in the 2nd quarter worth about $29,000. Brooklyn Investment Group boosted its position in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock worth $25,000 after buying an additional 427 shares in the last quarter. Allworth Financial LP boosted its position in shares of Signet Jewelers by 946.8% in the 1st quarter. Allworth Financial LP now owns 492 shares of the company’s stock worth $29,000 after buying an additional 445 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Signet Jewelers in the 1st quarter worth about $36,000. Finally, Quarry LP purchased a new stake in shares of Signet Jewelers in the 1st quarter worth about $54,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on SIG. Bank of America boosted their price objective 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. Citigroup boosted their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. UBS Group boosted their price objective on shares of Signet Jewelers from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company restated a “cautious” rating on shares of Signet Jewelers in a report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Signet Jewelers presently has a consensus rating of “Hold” and an average target price of $97.71.

Signet Jewelers Price Performance

Shares of SIG stock opened at $103.80 on Thursday. The firm has a market cap of $4.25 billion, a P/E ratio of 34.83, a PEG ratio of 1.17 and a beta of 1.23. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $106.28. The firm’s 50-day simple moving average is $90.63 and its 200-day simple moving average is $77.33.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.40. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. Analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers’s dividend payout ratio is 42.95%.

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.