VIRGINIA RETIREMENT SYSTEMS ET Al Buys 7,700 Shares of Signet Jewelers Limited $SIG

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Signet Jewelers Limited (NYSE:SIG) by 45.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,612 shares of the company’s stock after buying an additional 7,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Signet Jewelers were worth $2,519,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Choreo LLC grew its holdings in shares of Signet Jewelers by 11.5% during the 3rd quarter. Choreo LLC now owns 2,630 shares of the company’s stock valued at $269,000 after acquiring an additional 272 shares in the last quarter. Signaturefd LLC increased its stake in shares of Signet Jewelers by 36.3% in the third quarter. Signaturefd LLC now owns 1,558 shares of the company’s stock worth $159,000 after acquiring an additional 415 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Signet Jewelers during the third quarter worth $258,000. Sterling Capital Management LLC raised its holdings in shares of Signet Jewelers by 592.0% during the third quarter. Sterling Capital Management LLC now owns 5,543 shares of the company’s stock worth $567,000 after acquiring an additional 4,742 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Signet Jewelers during the third quarter worth $261,000.

Signet Jewelers Price Performance

NYSE:SIG opened at $119.12 on Wednesday. The stock has a market cap of $4.56 billion, a P/E ratio of 13.72, a PEG ratio of 0.66 and a beta of 1.05. Signet Jewelers Limited has a one year low of $71.61 and a one year high of $122.64. The company has a fifty day moving average price of $102.61 and a 200 day moving average price of $92.41.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) 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 company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business posted $1.61 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 11.70 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 23rd will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 23rd. Signet Jewelers’s dividend payout ratio (DPR) is presently 16.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SIG shares. Raymond James Financial raised their target price on Signet Jewelers from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, September 10th. The Goldman Sachs Group lifted their price objective on Signet Jewelers from $96.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Bank of America boosted their price objective on Signet Jewelers from $102.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. UBS Group increased their target price on Signet Jewelers from $122.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, Citigroup raised their target price on Signet Jewelers from $120.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.56.

Insider Buying and Selling at Signet Jewelers

In related news, insider Stash Ptak sold 405 shares of Signet Jewelers stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $48,600.00. Following the sale, the insider directly owned 20,428 shares of the company’s stock, valued at $2,451,360. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.17% of the company’s stock.

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.