87,278 Shares in Signet Jewelers Limited $SIG Acquired by Panagora Asset Management Inc.

Panagora Asset Management Inc. acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 87,278 shares of the company’s stock, valued at approximately $6,943,000.

A number of other large investors have also recently modified their holdings of SIG. Brooklyn Investment Group increased its stake in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock valued at $25,000 after purchasing an additional 427 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Signet Jewelers in the second quarter valued at about $29,000. Headlands Technologies LLC bought a new position in Signet Jewelers in the first quarter valued at about $36,000. Quarry LP acquired a new position in Signet Jewelers during the first quarter worth about $54,000. Finally, Allworth Financial LP lifted its holdings in shares of Signet Jewelers by 205.9% in the second quarter. Allworth Financial LP now owns 1,505 shares of the company’s stock worth $120,000 after acquiring an additional 1,013 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SIG shares. Citigroup lifted their price target on shares of Signet Jewelers from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Bank of America raised their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Wall Street Zen upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.50.

Signet Jewelers Stock Performance

SIG stock opened at $89.35 on Wednesday. The company has a market capitalization of $3.66 billion, a P/E ratio of 29.98, a PEG ratio of 1.11 and a beta of 1.12. The company has a fifty day moving average price of $98.98 and a 200-day moving average price of $87.49. Signet Jewelers Limited has a 52-week low of $45.55 and a 52-week high of $110.20.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.Signet Jewelers’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, sell-side analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, January 23rd. Signet Jewelers’s dividend payout ratio (DPR) is 42.95%.

Signet Jewelers Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.