SG Americas Securities LLC Purchases 36,323 Shares of Signet Jewelers Limited $SIG

SG Americas Securities LLC increased its position in Signet Jewelers Limited (NYSE:SIG) by 212.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,431 shares of the company’s stock after purchasing an additional 36,323 shares during the quarter. SG Americas Securities LLC owned approximately 0.13% of Signet Jewelers worth $4,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIG. Richardson Financial Services Inc. bought a new position in shares of Signet Jewelers in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC raised its stake 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 worth $31,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Signet Jewelers in the fourth quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 buying an additional 333 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after acquiring an additional 428 shares during the last quarter.

Signet Jewelers Stock Performance

Shares of NYSE SIG opened at $86.53 on Tuesday. 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 $3.40 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.92 and a beta of 1.18. The firm has a 50 day moving average price of $85.62 and a 200 day moving average price of $88.41.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.18. The company had revenue of $1.55 billion for 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%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the business posted $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Analysts predict that Signet Jewelers Limited will post 10.57 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s payout ratio is 13.46%.

Wall Street Analyst Weigh In

A number of analysts have commented on SIG shares. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a report on Friday, May 29th. Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Citigroup lifted their price objective on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.88.

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.