632,832 Shares in Signet Jewelers Limited $SIG Purchased by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP bought a new stake in Signet Jewelers Limited (NYSE:SIG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 632,832 shares of the company’s stock, valued at approximately $50,342,000. Signet Jewelers comprises approximately 3.2% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 9th biggest position. Divisadero Street Capital Management LP owned about 1.54% of Signet Jewelers as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of Signet Jewelers by 3.7% in the first quarter. Cetera Investment Advisers now owns 11,182 shares of the company’s stock valued at $649,000 after buying an additional 403 shares during the last quarter. Vanguard Group Inc. raised its holdings in Signet Jewelers by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company’s stock valued at $302,258,000 after acquiring an additional 389,852 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Signet Jewelers by 175.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock worth $107,963,000 after purchasing an additional 1,183,214 shares during the period. Headlands Technologies LLC purchased a new position in shares of Signet Jewelers during the 1st quarter worth $36,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Signet Jewelers during the first quarter worth $6,192,000.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SIG. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 target price (up from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd. Wall Street Zen raised shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Citigroup increased their price objective on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Bank of America boosted their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Stephens assumed coverage on shares of Signet Jewelers in a research note on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and an average target price of $105.38.

Signet Jewelers Price Performance

NYSE SIG opened at $82.99 on Monday. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $110.20. The firm has a market capitalization of $3.40 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.01 and a beta of 1.12. The business’s 50-day simple moving average is $98.35 and its 200-day simple moving average is $87.96.

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

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s payout ratio is presently 38.21%.

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.