Gallacher Capital Management LLC Makes New Investment in Signet Jewelers Limited $SIG

Gallacher Capital Management LLC acquired a new position in Signet Jewelers Limited (NYSE:SIG) during the first quarter, HoldingsChannel reports. The institutional investor acquired 8,411 shares of the company’s stock, valued at approximately $712,000.

Several other hedge funds have also recently made changes to their positions in SIG. Richardson Financial Services Inc. bought a new position in shares of Signet Jewelers during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its holdings in Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after acquiring an additional 124 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Signet Jewelers during the 4th quarter valued at $39,000. Northwestern Mutual Wealth Management Co. increased its position in Signet Jewelers by 111.0% during 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 during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Signet Jewelers by 171.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after purchasing an additional 428 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SIG. UBS Group dropped their target price on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research report on Monday, July 6th. Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Citigroup lifted their price objective on Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.88.

Signet Jewelers Stock Up 3.4%

Shares of SIG opened at $89.97 on Friday. The stock has a market cap of $3.54 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.91 and a beta of 1.15. The business’s 50 day moving average price is $84.36 and its 200-day moving average price is $88.26. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $110.20.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities analysts anticipate that Signet Jewelers Limited will post 10.57 EPS for the current year.

Signet Jewelers Announces Dividend

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