Signet Jewelers Sees Unusually High Options Volume (NYSE:SIG)

Signet Jewelers Limited (NYSE:SIG) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 5,429 put options on the stock. This represents an increase of approximately 372% compared to the typical volume of 1,149 put options.

Institutional Investors Weigh In On Signet Jewelers

Several institutional investors have recently added to or reduced their stakes in SIG. Charles Schwab Investment Management Inc. lifted its position in Signet Jewelers by 175.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock valued at $107,963,000 after purchasing an additional 1,183,214 shares during the period. Hood River Capital Management LLC purchased a new position in shares of Signet Jewelers during the 2nd quarter valued at about $56,537,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Signet Jewelers by 321.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock valued at $68,554,000 after buying an additional 657,444 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Signet Jewelers in the 2nd quarter valued at about $50,342,000. Finally, Bowen Hanes & Co. Inc. purchased a new stake in shares of Signet Jewelers in the third quarter worth about $47,837,000.

Analyst Upgrades and Downgrades

SIG has been the subject of several analyst reports. Citigroup raised their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. UBS Group increased their price target on Signet Jewelers from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $92.00 price objective on shares of Signet Jewelers in a research report on Tuesday. Finally, Stephens initiated coverage on Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average price target of $105.50.

Signet Jewelers Stock Down 6.6%

NYSE:SIG opened at $89.35 on Wednesday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.11 and a beta of 1.12. Signet Jewelers has a 52 week low of $45.55 and a 52 week high of $110.20. The firm has a 50 day moving average of $98.98 and a 200 day moving average of $87.49.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.47. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, analysts expect that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 23rd will be paid a $0.32 dividend. The ex-dividend date is Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Signet Jewelers’s dividend payout ratio (DPR) is 42.95%.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.