Bessemer Group Inc. Purchases 11,926 Shares of Signet Jewelers Limited $SIG

Bessemer Group Inc. lifted its holdings in Signet Jewelers Limited (NYSE:SIG) by 18.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 76,274 shares of the company’s stock after acquiring an additional 11,926 shares during the quarter. Bessemer Group Inc.’s holdings in Signet Jewelers were worth $6,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management increased its position in shares of Signet Jewelers by 90.0% during the fourth quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock valued at $89,332,000 after acquiring an additional 510,551 shares during the last quarter. Clark Capital Management Group Inc. bought a new stake in Signet Jewelers during the fourth quarter worth $35,815,000. UBS Group AG boosted 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 worth $45,181,000 after purchasing an additional 354,108 shares during the last quarter. Victory Capital Management Inc. boosted its position in Signet Jewelers by 90.7% in the fourth quarter. Victory Capital Management Inc. now owns 639,771 shares of the company’s stock worth $53,024,000 after purchasing an additional 304,288 shares during the last quarter. Finally, Summit Street Capital Management LLC purchased a new position in Signet Jewelers in the third quarter worth $25,328,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SIG shares. UBS Group decreased their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a research report on Monday, March 30th. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Signet Jewelers in a research report on Friday, May 29th. Finally, Citigroup raised their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One 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 data from MarketBeat, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.88.

Signet Jewelers Trading Down 0.1%

Signet Jewelers stock opened at $91.57 on Monday. The business’s 50 day simple moving average is $84.44 and its 200 day simple moving average is $88.31. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $110.20. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.96 and a beta of 1.15.

Signet Jewelers (NYSE:SIG) last released its 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 business 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 business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business posted $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, equities research analysts forecast that Signet Jewelers Limited will post 10.57 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.40 annualized dividend and a yield of 1.5%. Signet Jewelers’s dividend payout ratio (DPR) is 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.