Empowered Funds LLC Acquires 16,665 Shares of Signet Jewelers Limited $SIG

Empowered Funds LLC grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 11.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,800 shares of the company’s stock after buying an additional 16,665 shares during the quarter. Empowered Funds LLC’s holdings in Signet Jewelers were worth $13,272,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in Signet Jewelers by 43.9% in the first quarter. Quantinno Capital Management LP now owns 10,894 shares of the company’s stock worth $922,000 after acquiring an additional 3,323 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Signet Jewelers during the first quarter worth approximately $261,000. Gateway Wealth Partners LLC purchased a new stake in Signet Jewelers during the first quarter valued at approximately $251,000. Weiss Asset Management LP purchased a new stake in Signet Jewelers during the first quarter valued at approximately $1,437,000. Finally, Entropy Technologies LP raised its position in Signet Jewelers by 165.0% during the first quarter. Entropy Technologies LP now owns 22,436 shares of the company’s stock valued at $1,899,000 after purchasing an additional 13,971 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SIG shares. Citigroup raised their price objective on Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Raymond James Financial initiated coverage on Signet Jewelers in a research report on Thursday, July 23rd. They set an “outperform” rating and a $105.00 target price on the stock. Wells Fargo & Company restated a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Signet Jewelers in a research report on Friday, May 29th. Finally, UBS Group dropped their price objective on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $98.85 on Thursday. The firm has a market capitalization of $3.89 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.15. Signet Jewelers Limited has a 1-year low of $71.61 and a 1-year high of $110.20. The company’s 50-day moving average is $86.88 and its 200 day moving average is $88.64.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. The business 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 company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Research analysts anticipate that Signet Jewelers Limited will post 10.65 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors 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 1.4%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s dividend payout ratio (DPR) is currently 19.64%.

About Signet Jewelers

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.