Geode Capital Management LLC Cuts Holdings in Signet Jewelers Limited $SIG

Geode Capital Management LLC trimmed its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 962,737 shares of the company’s stock after selling 10,575 shares during the quarter. Geode Capital Management LLC owned approximately 2.37% of Signet Jewelers worth $79,805,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after acquiring an additional 124 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Signet Jewelers by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company’s stock worth $1,727,000 after buying an additional 138 shares during the period. Amundi lifted its position in Signet Jewelers by 1.9% during the third quarter. Amundi now owns 7,358 shares of the company’s stock valued at $689,000 after purchasing an additional 140 shares during the period. PNC Financial Services Group Inc. lifted its position in Signet Jewelers by 6.1% during the third quarter. PNC Financial Services Group Inc. now owns 3,289 shares of the company’s stock valued at $315,000 after purchasing an additional 188 shares during the period. Finally, Savant Capital LLC lifted its position in Signet Jewelers by 5.6% during the third quarter. Savant Capital LLC now owns 3,694 shares of the company’s stock valued at $354,000 after purchasing an additional 197 shares during the period.

Signet Jewelers Stock Down 0.2%

Shares of Signet Jewelers stock opened at $83.13 on Monday. Signet Jewelers Limited has a 52-week low of $71.61 and a 52-week high of $110.20. The company has a 50 day moving average of $86.13 and a 200 day moving average of $89.11. The company has a market capitalization of $3.33 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.87 and a beta of 1.18.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, research analysts anticipate that Signet Jewelers Limited will post 10.57 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed 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 yield of 1.7%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s payout ratio is currently 17.95%.

Analysts Set New Price Targets

A number of research firms have weighed in on SIG. UBS Group cut their price objective on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a research note on Thursday, March 19th. Wells Fargo & Company reiterated a “mixed” rating on shares of Signet Jewelers in a report on Wednesday. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Citigroup raised their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.88.

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.