Hsbc Holdings PLC Grows Stake in Signet Jewelers Limited $SIG

Hsbc Holdings PLC lifted its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 282.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,686 shares of the company’s stock after acquiring an additional 7,891 shares during the period. Hsbc Holdings PLC’s holdings in Signet Jewelers were worth $903,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. LSV Asset Management increased its stake in Signet Jewelers by 90.0% in the fourth quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock valued at $89,332,000 after purchasing an additional 510,551 shares during the last quarter. Clark Capital Management Group Inc. acquired a new stake in Signet Jewelers during the fourth quarter worth approximately $35,815,000. UBS Group AG lifted its position in shares of Signet Jewelers by 185.4% during the 4th quarter. UBS Group AG now owns 545,140 shares of the company’s stock worth $45,181,000 after buying an additional 354,108 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Signet Jewelers by 90.7% during the 4th quarter. Victory Capital Management Inc. now owns 639,771 shares of the company’s stock worth $53,024,000 after buying an additional 304,288 shares during the last quarter. Finally, Summit Street Capital Management LLC acquired a new position in shares of Signet Jewelers in the 3rd quarter valued at $25,328,000.

Signet Jewelers Stock Performance

Shares of SIG opened at $98.85 on Thursday. Signet Jewelers Limited has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.15. The firm has a 50-day simple moving average of $86.88 and a 200-day simple moving average of $88.64.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The firm had revenue of $1.55 billion for 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 revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Equities research analysts forecast that Signet Jewelers Limited will post 10.65 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio (DPR) is 19.64%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SIG. UBS Group cut their price target on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Wells Fargo & Company reiterated a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Signet Jewelers in a report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research report on Monday, July 6th. Finally, Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

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.