Arrowstreet Capital Limited Partnership Has $68.55 Million Position in Signet Jewelers Limited $SIG

Arrowstreet Capital Limited Partnership grew its position in shares of Signet Jewelers Limited (NYSE:SIG) by 321.8% during the second quarter, HoldingsChannel.com reports. The firm owned 861,769 shares of the company’s stock after purchasing an additional 657,444 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Signet Jewelers were worth $68,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SIG. Brooklyn Investment Group raised its holdings in Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock valued at $25,000 after buying an additional 427 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Signet Jewelers in the 2nd quarter valued at approximately $29,000. Headlands Technologies LLC acquired a new position in Signet Jewelers in the 1st quarter valued at approximately $36,000. Quarry LP bought a new position in shares of Signet Jewelers during the first quarter valued at $54,000. Finally, Allworth Financial LP lifted its holdings in shares of Signet Jewelers by 205.9% during the second quarter. Allworth Financial LP now owns 1,505 shares of the company’s stock worth $120,000 after purchasing an additional 1,013 shares during the period.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $84.93 on Friday. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $110.20. The business’s 50 day simple moving average is $98.62 and its two-hundred day simple moving average is $87.49. The firm has a market cap of $3.48 billion, a P/E ratio of 25.35, a PEG ratio of 1.00 and a beta of 1.12.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.16 by $0.47. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, equities analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, January 23rd. Signet Jewelers’s dividend payout ratio (DPR) is 42.95%.

Wall Street Analyst Weigh In

SIG has been the subject of a number of recent research reports. UBS Group increased their price objective on Signet Jewelers from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Stephens assumed coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target for the company. Wall Street Zen raised Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Telsey Advisory Group reissued a “market perform” rating and set a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a research report on Tuesday. Finally, Bank of America raised their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and an average target price of $105.38.

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.