Signet Jewelers Limited $SIG Position Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Signet Jewelers Limited (NYSE:SIG) by 35.9% during the third quarter, Holdings Channel reports. The institutional investor owned 8,464 shares of the company’s stock after selling 4,732 shares during the quarter. State of Alaska Department of Revenue’s holdings in Signet Jewelers were worth $865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SIG. Dimensional Fund Advisors LP raised its stake in shares of Signet Jewelers by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,451,725 shares of the company’s stock worth $207,504,000 after acquiring an additional 58,771 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Signet Jewelers by 16.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,015,230 shares of the company’s stock valued at $85,929,000 after acquiring an additional 145,654 shares during the last quarter. Junto Capital Management LP lifted its position in Signet Jewelers by 96.3% during the second quarter. Junto Capital Management LP now owns 417,016 shares of the company’s stock valued at $35,947,000 after acquiring an additional 204,596 shares during the last quarter. Pacer Advisors Inc. lifted its position in Signet Jewelers by 7.9% during the first quarter. Pacer Advisors Inc. now owns 283,706 shares of the company’s stock valued at $24,013,000 after acquiring an additional 20,780 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Signet Jewelers by 35.9% during the first quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock valued at $22,449,000 after acquiring an additional 70,110 shares during the last quarter.

Analyst Upgrades and Downgrades

SIG has been the subject of several recent analyst reports. Raymond James Financial raised their target price on shares of Signet Jewelers from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, September 10th. Citigroup upped their price target on Signet Jewelers from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Telsey Advisory Group upped their price target on Signet Jewelers from $96.00 to $105.00 and gave the stock a “market perform” rating in a research report on Thursday, September 10th. UBS Group increased their price objective on Signet Jewelers from $122.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Zacks Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.56.

Insiders Place Their Bets

In other Signet Jewelers news, insider Stash Ptak sold 405 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $48,600.00. Following the sale, the insider owned 20,428 shares of the company’s stock, valued at approximately $2,451,360. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.17% of the company’s stock.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $114.67 on Thursday. Signet Jewelers Limited has a fifty-two week low of $71.61 and a fifty-two week high of $122.64. The company has a market cap of $4.39 billion, a PE ratio of 13.21, a P/E/G ratio of 0.64 and a beta of 1.10. The business has a 50-day simple moving average of $96.89 and a two-hundred day simple moving average of $90.99.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, sell-side analysts predict that Signet Jewelers Limited will post 11.70 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. Shareholders of record on Friday, October 23rd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers’s payout ratio is currently 16.13%.

About Signet Jewelers

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.

Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.

The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.