Y Intercept Hong Kong Ltd Acquires 31,408 Shares of Signet Jewelers Limited $SIG

Y Intercept Hong Kong Ltd increased its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 156.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,469 shares of the company’s stock after acquiring an additional 31,408 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.13% of Signet Jewelers worth $4,356,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Signet Jewelers by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,392,954 shares of the company’s stock valued at $198,328,000 after purchasing an additional 46,789 shares during the last quarter. State Street Corp grew its position in Signet Jewelers by 1.6% during the fourth quarter. State Street Corp now owns 1,688,602 shares of the company’s stock valued at $139,951,000 after buying an additional 27,379 shares during the period. LSV Asset Management increased its holdings in Signet Jewelers by 90.0% during the fourth quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock worth $89,332,000 after buying an additional 510,551 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Signet Jewelers by 9.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock worth $90,613,000 after buying an additional 82,899 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Signet Jewelers by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after acquiring an additional 213,365 shares during the period.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $83.83 on Monday. The stock has a market capitalization of $3.30 billion, a P/E ratio of 11.76, a PEG ratio of 0.88 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 firm’s 50 day simple moving average is $84.85 and its two-hundred day simple moving average is $88.27.

Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, equities analysts expect that Signet Jewelers Limited will post 10.57 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently announced 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. 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 is currently 13.46%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SIG shares. Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research report on Monday, March 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a research note on Thursday, March 19th. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Signet Jewelers in a report on Friday, May 29th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued 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 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.