Signet Jewelers Limited $SIG Stake Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 198,623 shares of the company’s stock after selling 13,996 shares during the period. Principal Financial Group Inc.’s holdings in Signet Jewelers were worth $19,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hood River Capital Management LLC acquired a new stake in Signet Jewelers during the second quarter valued at approximately $56,537,000. Arrowstreet Capital Limited Partnership lifted its position 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 acquiring an additional 657,444 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of Signet Jewelers during the 2nd quarter worth $50,342,000. Goldman Sachs Group Inc. grew its holdings in shares of Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after acquiring an additional 213,365 shares during the last quarter. Finally, Shellback Capital LP acquired a new stake in shares of Signet Jewelers during the second quarter worth $7,358,000.

Signet Jewelers Stock Up 4.8%

Shares of NYSE:SIG opened at $96.84 on Monday. The firm has a fifty day moving average of $88.95 and a two-hundred day moving average of $91.47. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $110.20. The firm has a market capitalization of $3.94 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.06 and a beta of 1.28.

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

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Signet Jewelers’s payout ratio is presently 38.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Stephens started coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target on the stock. Zacks Research upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. The Goldman Sachs Group raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.67.

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.