Healthcare of Ontario Pension Plan Trust Fund Takes $511,000 Position in Signet Jewelers Limited $SIG

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Signet Jewelers Limited (NYSE:SIG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,033 shares of the company’s stock, valued at approximately $511,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada raised its position in Signet Jewelers by 87.2% in the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after acquiring an additional 8,183 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after acquiring an additional 213,365 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Signet Jewelers by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock worth $7,117,000 after purchasing an additional 10,964 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Signet Jewelers by 55.4% in the 2nd quarter. Prudential Financial Inc. now owns 5,935 shares of the company’s stock worth $472,000 after purchasing an additional 2,116 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after purchasing an additional 428 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stephens reissued an “overweight” rating and set a $130.00 price target on shares of Signet Jewelers in a report on Friday, May 29th. Raymond James Financial initiated coverage on Signet Jewelers in a research note on Thursday, July 23rd. They issued an “outperform” rating and a $105.00 price objective on the stock. Zacks Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Monday, July 6th. Finally, Citigroup boosted 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. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and an average target price of $112.00.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $92.75 on Monday. The stock has a fifty day simple moving average of $87.39 and a two-hundred day simple moving average of $88.77. The firm has a market capitalization of $3.65 billion, a PE ratio of 13.01, a PEG ratio of 0.97 and a beta of 1.16. Signet Jewelers Limited has a 52-week low of $71.61 and a 52-week high of $110.20.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate 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 period 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. On average, sell-side analysts forecast that Signet Jewelers Limited will post 10.65 EPS 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. 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 1.5%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio is presently 19.64%.

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.