Counterpoint Mutual Funds LLC Takes Position in Signet Jewelers Limited $SIG

Counterpoint Mutual Funds LLC acquired a new position in shares of Signet Jewelers Limited (NYSE:SIG) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,432 shares of the company’s stock, valued at approximately $544,000.

Several other large investors have also made changes to their positions in SIG. Richardson Financial Services Inc. acquired a new position in Signet Jewelers in the fourth quarter valued at $31,000. Farther Finance Advisors LLC raised its holdings in shares of Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Signet Jewelers in the 4th quarter worth about $39,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $52,000 after purchasing an additional 333 shares in 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 in the last quarter.

Wall Street Analysts Forecast Growth

SIG has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Citigroup boosted their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $83.83 on Friday. The business’s 50-day simple moving average is $84.85 and its 200 day simple moving average is $88.26. The company has a market cap of $3.30 billion, a P/E ratio of 11.76, a PEG ratio of 0.88 and a beta of 1.15. Signet Jewelers Limited has a one year low of $71.61 and a one year high of $110.20.

Signet Jewelers (NYSE:SIG) last released its quarterly 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. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business earned $1.18 EPS. Signet Jewelers’s quarterly revenue was up .8% compared to the same quarter last year. 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 year.

Signet Jewelers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be paid a $0.35 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. Signet Jewelers’s dividend payout ratio is 13.46%.

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.