BNP Paribas Financial Markets Raises Stock Holdings in Signet Jewelers Limited $SIG

BNP Paribas Financial Markets lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 58.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,748 shares of the company’s stock after purchasing an additional 31,738 shares during the quarter. BNP Paribas Financial Markets’ holdings in Signet Jewelers were worth $7,107,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SIG. Royal Bank of Canada grew its holdings in shares of Signet Jewelers by 87.2% during the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after purchasing an additional 8,183 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after purchasing an additional 213,365 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Signet Jewelers by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock worth $7,117,000 after purchasing an additional 10,964 shares in the last quarter. Prudential Financial Inc. boosted its stake in Signet Jewelers by 55.4% in the second quarter. Prudential Financial Inc. now owns 5,935 shares of the company’s stock worth $472,000 after buying an additional 2,116 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after buying an additional 428 shares in the last quarter.

Wall Street Analyst Weigh In

SIG has been the topic of a number of recent research reports. Wells Fargo & Company reiterated a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a research note on Friday, May 29th. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 price objective on shares of Signet Jewelers in a research note on Thursday, March 19th. One 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.88.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $86.88 on Wednesday. Signet Jewelers Limited has a 52-week low of $71.61 and a 52-week high of $110.20. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The company has a fifty day moving average of $86.12 and a 200-day moving average of $88.99.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The business’s quarterly revenue 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 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s dividend payout ratio is 17.95%.

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.