Rockefeller Capital Management L.P. Lowers Stock Holdings in Signet Jewelers Limited $SIG

Rockefeller Capital Management L.P. reduced its stake in Signet Jewelers Limited (NYSE:SIG) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,339 shares of the company’s stock after selling 229,858 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.47% of Signet Jewelers worth $15,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SIG. Richardson Financial Services Inc. bought a new stake in Signet Jewelers in the fourth quarter worth $31,000. Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 124 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Signet Jewelers during the fourth quarter valued at $39,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Signet Jewelers by 111.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock worth $52,000 after purchasing an additional 333 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Signet Jewelers in the 3rd quarter worth about $64,000.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $84.77 on Wednesday. Signet Jewelers Limited has a one year low of $71.61 and a one year high of $110.20. The business’s fifty day moving average is $86.17 and its 200 day moving average is $88.40. The stock has a market capitalization of $3.33 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, topping 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%.Signet Jewelers’s revenue was up .8% on a year-over-year basis. 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. As a group, sell-side analysts expect that Signet Jewelers Limited will post 10.57 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business 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 1.7%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s payout ratio is presently 17.95%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SIG. Telsey Advisory Group reissued a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a research report on Thursday, March 19th. Wells Fargo & Company reaffirmed a “mixed” rating on shares of Signet Jewelers in a report on Wednesday, June 3rd. Wall Street Zen downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Citigroup increased their price target on shares of Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.