Signet Jewelers Limited $SIG Shares Bought by Entropy Technologies LP

Entropy Technologies LP grew its position in Signet Jewelers Limited (NYSE:SIG) by 165.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,436 shares of the company’s stock after purchasing an additional 13,971 shares during the period. Entropy Technologies LP’s holdings in Signet Jewelers were worth $1,899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in Signet Jewelers by 18.5% in the first quarter. Bessemer Group Inc. now owns 76,274 shares of the company’s stock valued at $6,456,000 after acquiring an additional 11,926 shares during the last quarter. Principal Financial Group Inc. increased its stake in Signet Jewelers by 35.9% during the first quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock worth $22,449,000 after acquiring an additional 70,110 shares during the last quarter. UBS Group AG raised its position in Signet Jewelers by 185.4% in the fourth quarter. UBS Group AG now owns 545,140 shares of the company’s stock valued at $45,181,000 after purchasing an additional 354,108 shares during the period. M&T Bank Corp purchased a new stake in Signet Jewelers in the fourth quarter valued at $1,053,000. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Signet Jewelers by 28.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 100,339 shares of the company’s stock valued at $8,493,000 after purchasing an additional 22,120 shares during the last quarter.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock opened at $91.08 on Monday. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15. The business has a 50-day moving average of $85.57 and a 200 day moving average of $88.51. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $110.20.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm earned $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Equities research analysts anticipate that Signet Jewelers Limited will post 10.65 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors 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 1.5%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s dividend payout ratio is presently 19.64%.

Analyst Ratings Changes

A number of analysts recently issued reports on SIG shares. Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a research report on Friday, May 29th. Wells Fargo & Company reaffirmed a “mixed” rating on shares of Signet Jewelers in a research note on Wednesday, June 3rd. Citigroup lifted their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research note on Monday, July 6th. Finally, Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

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.