BNP Paribas Financial Markets Purchases 31,738 Shares of Signet Jewelers Limited $SIG

BNP Paribas Financial Markets boosted its position in Signet Jewelers Limited (NYSE:SIG) by 58.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 85,748 shares of the company’s stock after acquiring an additional 31,738 shares during the period. BNP Paribas Financial Markets owned 0.21% of Signet Jewelers worth $7,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after acquiring an additional 124 shares during the period. State of Alaska Department of Revenue raised its stake in Signet Jewelers by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company’s stock valued at $1,727,000 after acquiring an additional 138 shares during the period. Amundi raised its stake in Signet Jewelers by 1.9% in the 3rd quarter. Amundi now owns 7,358 shares of the company’s stock valued at $689,000 after acquiring an additional 140 shares during the period. PNC Financial Services Group Inc. raised its stake in Signet Jewelers by 6.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,289 shares of the company’s stock valued at $315,000 after acquiring an additional 188 shares during the period. Finally, Savant Capital LLC raised its stake in Signet Jewelers by 5.6% in the 3rd quarter. Savant Capital LLC now owns 3,694 shares of the company’s stock valued at $354,000 after acquiring an additional 197 shares during the period.

Signet Jewelers Stock Up 2.7%

SIG stock opened at $86.88 on Wednesday. The firm has a market capitalization of $3.48 billion, a PE ratio of 12.18, a PEG ratio of 0.89 and a beta of 1.17. Signet Jewelers Limited has a twelve month low of $71.61 and a twelve month high of $110.20. The stock has a 50-day simple moving average of $86.12 and a two-hundred day simple moving average of $88.99.

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

Signet Jewelers Announces Dividend

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. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. Signet Jewelers’s payout ratio is presently 17.95%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SIG. Wells Fargo & Company restated a “mixed” rating on shares of Signet Jewelers in a research note on Wednesday, June 3rd. UBS Group reduced their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Royal Bank Of Canada raised Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $112.88.

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.