American Century Companies Inc. Acquires 174,873 Shares of Signet Jewelers Limited $SIG

American Century Companies Inc. raised its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 12.3% during the third quarter, Holdings Channel reports. The firm owned 1,592,735 shares of the company’s stock after buying an additional 174,873 shares during the period. American Century Companies Inc.’s holdings in Signet Jewelers were worth $152,775,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Signet Jewelers in the third quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Signet Jewelers during the 3rd quarter worth approximately $64,000. State of Wyoming bought a new stake in shares of Signet Jewelers during the 2nd quarter valued at $69,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Signet Jewelers by 48.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,146 shares of the company’s stock worth $111,000 after buying an additional 372 shares during the last quarter.

Analysts Set New Price Targets

SIG has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price objective on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Wells Fargo & Company decreased their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Signet Jewelers has an average rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Stock Down 4.0%

SIG opened at $96.20 on Monday. The company has a 50-day simple moving average of $91.23 and a 200 day simple moving average of $93.16. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 1.06 and a beta of 1.25. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $110.20.

Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping 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 analysts’ expectations of $1.36 billion. During the same period in the prior year, the company earned $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. Sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 23rd were issued a dividend of $0.32 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Signet Jewelers’s dividend payout ratio is 38.21%.

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.