VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Signet Jewelers Limited $SIG

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 16,912 shares of the company’s stock, valued at approximately $1,458,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in shares of Signet Jewelers by 18.5% during the 1st quarter. Bessemer Group Inc. now owns 76,274 shares of the company’s stock worth $6,456,000 after buying an additional 11,926 shares during the period. Principal Financial Group Inc. boosted its position in shares of Signet Jewelers by 35.9% in the 1st quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock worth $22,449,000 after purchasing an additional 70,110 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Signet Jewelers by 29.6% during the 1st quarter. California State Teachers Retirement System now owns 45,309 shares of the company’s stock worth $3,835,000 after buying an additional 10,354 shares during the period. Empowered Funds LLC grew its holdings in Signet Jewelers by 11.9% during the first quarter. Empowered Funds LLC now owns 156,800 shares of the company’s stock valued at $13,272,000 after purchasing an additional 16,665 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Signet Jewelers by 28.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 100,339 shares of the company’s stock valued at $8,493,000 after buying an additional 22,120 shares during the period.

Key Signet Jewelers News

Here are the key news stories impacting Signet Jewelers this week:

• Positive Sentiment: Earnings beat and higher guidance: Signet reported adjusted earnings per share of $2.19, well above the $1.69 analyst consensus, while revenue of $1.53 billion was broadly in line with expectations. Management raised its fiscal 2027 outlook and forecast adjusted operating income of $535 million to $605 million. Signet Jewelers Q2 earnings and guidance
• Positive Sentiment: Margin and cost improvements support the outlook: The earnings surprise reflected better margins and ongoing benefits from the company’s Bread Financial renewal, which Signet expects to generate $200 million to $250 million over 36 months. Analysts highlighted the results as evidence of a potentially stronger second half for jewelry demand. Signet raises guidance
• Positive Sentiment: More bullish analyst targets: Citigroup raised its price target to $140 and UBS increased its target to $136; both firms assigned “buy” ratings. Stephens also reaffirmed its “overweight” rating, reinforcing the positive reaction to Signet’s results.
• Positive Sentiment: Kay Jewelers rebrand: Kay launched what it describes as the largest rebrand in its history, aimed at modernizing the customer experience and strengthening Signet’s most important banner. The initiative could support longer-term sales and brand relevance. Kay Jewelers rebrand
• Neutral Sentiment: Income return: Signet declared a quarterly dividend of $0.35 per share, payable November 20 to shareholders of record October 23, providing a modest shareholder-return component.
• Neutral Sentiment: Analyst caution remains: Bank of America maintained a “hold” rating, and the broader analyst consensus remains “hold,” indicating that some investors see the recent rally and valuation as already reflecting much of the improved outlook. Bank of America rating
• Negative Sentiment: Underlying sales remain mixed: Quarterly revenue declined slightly year over year, and commentary suggested strength is concentrated at particular jewelry price points. That leaves Signet exposed to cautious consumer spending and limits the certainty of a broad-based recovery.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $99.96 on Friday. The firm has a 50-day moving average of $88.94 and a 200-day moving average of $87.93. Signet Jewelers Limited has a 52-week low of $71.61 and a 52-week high of $110.20. The stock has a market cap of $3.93 billion, a PE ratio of 11.52, a PEG ratio of 1.04 and a beta of 1.11.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.50. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The business’s revenue was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Equities research analysts predict that Signet Jewelers Limited will post 11.7 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers’s dividend payout ratio is 16.13%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SIG shares. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Bank of America upped their price objective on Signet Jewelers from $102.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday. Telsey Advisory Group raised their price target on Signet Jewelers from $96.00 to $105.00 and gave the company a “market perform” rating in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of Signet Jewelers from $96.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Raymond James Financial lifted their target price on shares of Signet Jewelers from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $125.56.

Signet Jewelers Company Profile

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer serving customers primarily in the United States, Canada and the United Kingdom. The company sells diamond and other fine jewelry, engagement and wedding rings, fashion jewelry, watches, and related accessories through stores and e-commerce platforms.

Signet operates a portfolio of retail banners that includes Kay Jewelers, Zales, Jared, Diamonds Direct, Banter by Piercing Pagoda and Blue Nile. Its offerings span accessible fashion jewelry and personalized products as well as bridal jewelry and higher-end diamond merchandise.