Signet Jewelers Limited $SIG Position Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 13.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,954 shares of the company’s stock after selling 7,033 shares during the period. New York State Teachers Retirement System owned 0.12% of Signet Jewelers worth $3,974,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Signet Jewelers by 87.2% in the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock valued at $1,020,000 after buying an additional 8,183 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after purchasing an additional 213,365 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Signet Jewelers by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after purchasing an additional 10,964 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Signet Jewelers by 55.4% in the 2nd quarter. Prudential Financial Inc. now owns 5,935 shares of the company’s stock valued at $472,000 after purchasing an additional 2,116 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a report on Monday, March 30th. UBS Group lowered their price objective on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Citigroup raised their price objective on Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a research report on Thursday, March 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Monday. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $81.63 on Thursday. The business’s 50-day simple moving average is $84.45 and its 200-day simple moving average is $88.25. The firm has a market capitalization of $3.21 billion, a PE ratio of 11.45, a PEG ratio of 0.88 and a beta of 1.15. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $110.20.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.18. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Research analysts forecast that Signet Jewelers Limited will post 10.57 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s dividend payout ratio (DPR) is currently 13.46%.

About Signet Jewelers

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.