17,593 Signet Jewelers Limited $SIG Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 17.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,356 shares of the company’s stock after selling 17,593 shares during the period. Illinois Municipal Retirement Fund’s holdings in Signet Jewelers were worth $8,325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Signet Jewelers by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,451,725 shares of the company’s stock valued at $207,504,000 after acquiring an additional 58,771 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Signet Jewelers by 16.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,015,230 shares of the company’s stock worth $85,929,000 after purchasing an additional 145,654 shares in the last quarter. Junto Capital Management LP grew its holdings in shares of Signet Jewelers by 96.3% during the 2nd quarter. Junto Capital Management LP now owns 417,016 shares of the company’s stock worth $35,947,000 after purchasing an additional 204,596 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Signet Jewelers by 7.9% during the 1st quarter. Pacer Advisors Inc. now owns 283,706 shares of the company’s stock worth $24,013,000 after purchasing an additional 20,780 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Signet Jewelers by 35.9% in the first quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock worth $22,449,000 after purchasing an additional 70,110 shares during the period.

Analysts Set New Price Targets

A number of research firms recently commented on SIG. The Goldman Sachs Group boosted their price target on Signet Jewelers from $96.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Zacks Research downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group upped their price target on shares of Signet Jewelers from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Wells Fargo & Company increased their price target on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 9th. Finally, Telsey Advisory Group lifted their price objective on shares of Signet Jewelers from $96.00 to $105.00 and gave the company a “market perform” rating in a research note on Thursday, September 10th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $125.56.

Signet Jewelers Stock Down 2.3%

Shares of SIG stock opened at $117.92 on Friday. The business has a fifty day simple moving average of $107.96 and a 200 day simple moving average of $93.39. The company has a market cap of $4.52 billion, a P/E ratio of 13.59, a P/E/G ratio of 0.66 and a beta of 1.05. Signet Jewelers Limited has a twelve month low of $71.61 and a twelve month high of $129.26.

Signet Jewelers (NYSE:SIG) last released its earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.50. Signet Jewelers had a return on equity of 23.28% and a net margin of 5.19%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 11.70 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 23rd. Signet Jewelers’s dividend payout ratio (DPR) is presently 16.13%.

Insider Buying and Selling at Signet Jewelers

In related news, insider Stash Ptak sold 405 shares of Signet Jewelers stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $48,600.00. Following the sale, the insider directly owned 20,428 shares of the company’s stock, valued at approximately $2,451,360. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.17% of the company’s stock.

Signet Jewelers Company Profile

Signet Jewelers is a specialty jewelry retailer that sells diamond, bridal and fashion jewelry, watches, and related services through a portfolio of retail brands. Its brands include Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, James Allen, Blue Nile, H.Samuel, Ernest Jones, and Peoples Jewellers. The company serves customers through stores and online channels in the United States, Canada, and the United Kingdom. Its offerings include engagement and wedding jewelry, jewelry repair, customization, and piercing services.