Brandywine Global Investment Management LLC Boosts Stock Holdings in Signet Jewelers Limited $SIG

Brandywine Global Investment Management LLC raised its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 34.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,783 shares of the company’s stock after buying an additional 23,861 shares during the period. Brandywine Global Investment Management LLC owned about 0.23% of Signet Jewelers worth $7,773,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Signet Jewelers by 12.3% during the third quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock worth $152,775,000 after purchasing an additional 174,873 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Signet Jewelers by 212.2% during the third quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock worth $48,016,000 after purchasing an additional 340,228 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Signet Jewelers by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock worth $225,046,000 after purchasing an additional 43,925 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Signet Jewelers by 163.4% during the third quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock worth $3,349,000 after purchasing an additional 21,660 shares during the period. Finally, Bowen Hanes & Co. Inc. purchased a new stake in shares of Signet Jewelers during the third quarter worth about $47,837,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a report on Friday, May 29th. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Finally, Zacks Research cut Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Up 2.7%

Shares of SIG opened at $86.88 on Wednesday. The business’s 50 day moving average price is $86.12 and its 200-day moving average price is $88.99. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $110.20. The stock has a market cap of $3.48 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.89 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities analysts anticipate that Signet Jewelers Limited will post 10.57 EPS for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s payout ratio is presently 17.95%.

Signet Jewelers 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.