Peregrine Capital Management LLC Makes New $8.19 Million Investment in Signet Jewelers Limited $SIG

Peregrine Capital Management LLC bought a new stake in Signet Jewelers Limited (NYSE:SIG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 96,734 shares of the company’s stock, valued at approximately $8,188,000. Peregrine Capital Management LLC owned approximately 0.24% of Signet Jewelers at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SIG. LSV Asset Management boosted its holdings in shares of Signet Jewelers by 90.0% in the 4th quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock valued at $89,332,000 after purchasing an additional 510,551 shares in the last quarter. Clark Capital Management Group Inc. acquired a new stake in Signet Jewelers in the fourth quarter valued at approximately $35,815,000. UBS Group AG increased its holdings in shares of Signet Jewelers by 185.4% during the fourth quarter. UBS Group AG now owns 545,140 shares of the company’s stock worth $45,181,000 after buying an additional 354,108 shares in the last quarter. JPMorgan Chase & Co. grew its position in Signet Jewelers by 212.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock worth $48,016,000 after acquiring an additional 340,228 shares during the last quarter. Finally, Victory Capital Management Inc. raised 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 valued at $53,024,000 after purchasing an additional 304,288 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on SIG shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 price objective on shares of Signet Jewelers in a research note on Thursday, March 19th. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a research note on Wednesday, June 3rd. UBS Group lowered 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. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Signet Jewelers in a research report on Friday, May 29th. One 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.88.

Signet Jewelers Price Performance

NYSE SIG opened at $86.12 on Wednesday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.91 and a beta of 1.17. The business has a 50 day simple moving average of $85.45 and a 200 day simple moving average of $88.36. Signet Jewelers Limited has a one year low of $71.61 and a one year high of $110.20.

Signet Jewelers (NYSE:SIG) last posted its quarterly 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 firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. Equities analysts expect that Signet Jewelers Limited will post 10.57 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.40 annualized dividend and a yield of 1.6%. Signet Jewelers’s dividend payout ratio is currently 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.