New York State Teachers Retirement System Sells 7,033 Shares of Signet Jewelers Limited $SIG

New York State Teachers Retirement System lessened its position in shares of Signet Jewelers Limited (NYSE:SIG) by 13.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,954 shares of the company’s stock after selling 7,033 shares during the quarter. New York State Teachers Retirement System’s holdings in Signet Jewelers were worth $3,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in Signet Jewelers in the 4th quarter valued at $31,000. Farther Finance Advisors LLC lifted its holdings in shares of Signet Jewelers by 48.6% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after acquiring an additional 124 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers during the 4th quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Signet Jewelers by 111.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after acquiring an additional 333 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased 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 valued at $54,000 after acquiring an additional 428 shares during the period.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $81.63 on Thursday. The business’s fifty day moving average is $84.45 and its two-hundred day moving average is $88.25. The firm has a market cap of $3.21 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.88 and a beta of 1.15. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $110.20.

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

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is presently 13.46%.

Analysts Set New Price Targets

A number of brokerages have commented on SIG. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Signet Jewelers in a research note on Friday, May 29th. UBS Group lowered their price target on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Citigroup lifted their price objective on Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Wall Street Zen downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Wells Fargo & Company reiterated a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.