Bridgeway Capital Management LLC Sells 14,391 Shares of Signet Jewelers Limited $SIG

Bridgeway Capital Management LLC lowered its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,305 shares of the company’s stock after selling 14,391 shares during the period. Bridgeway Capital Management LLC owned 0.69% of Signet Jewelers worth $23,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in shares of Signet Jewelers during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its position in shares of Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Signet Jewelers during the fourth quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after purchasing an additional 333 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Signet Jewelers in the third quarter valued at $64,000.

Signet Jewelers Stock Performance

SIG stock opened at $86.59 on Thursday. The firm has a fifty day moving average price of $86.52 and a 200 day moving average price of $88.59. Signet Jewelers Limited has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The firm has a market cap of $3.41 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.92 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.38 by $0.18. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. Signet Jewelers’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities analysts predict 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. Shareholders of record on Friday, July 24th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s payout ratio is presently 17.95%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SIG shares. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. UBS Group cut their target price on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 target price on shares of Signet Jewelers in a report on Thursday, March 19th. Finally, Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Signet Jewelers in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.88.

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.