KBC Group NV Reduces Stake in Signet Jewelers Limited $SIG

KBC Group NV lowered its position in Signet Jewelers Limited (NYSE:SIG) by 28.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,324 shares of the company’s stock after selling 529 shares during the quarter. KBC Group NV’s holdings in Signet Jewelers were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SIG. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Signet Jewelers by 56.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company’s stock worth $10,494,000 after acquiring an additional 65,234 shares during the last quarter. Nordea Investment Management AB raised its holdings in Signet Jewelers by 1.7% in the 2nd quarter. Nordea Investment Management AB now owns 148,699 shares of the company’s stock worth $11,828,000 after purchasing an additional 2,487 shares during the period. Vanguard Group Inc. lifted its position in Signet Jewelers by 8.1% during the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company’s stock valued at $302,258,000 after purchasing an additional 389,852 shares in the last quarter. Bayforest Capital Ltd purchased a new position in Signet Jewelers during the first quarter valued at $1,095,000. Finally, Nuveen LLC bought a new stake in Signet Jewelers during the first quarter valued at about $21,646,000.

Analysts Set New Price Targets

Several research firms have recently commented on SIG. Citigroup raised their price objective on Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Telsey Advisory Group restated a “market perform” rating and set a $92.00 target price on shares of Signet Jewelers in a research note on Tuesday, September 2nd. Stephens assumed coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

Signet Jewelers Trading Up 3.4%

NYSE SIG opened at $94.79 on Friday. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $110.20. The stock has a market cap of $3.88 billion, a PE ratio of 31.81, a P/E/G ratio of 1.06 and a beta of 1.30. The stock’s 50 day moving average is $98.49 and its 200 day moving average is $85.60.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.40. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $1.25 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, October 24th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, October 24th. Signet Jewelers’s payout ratio is currently 42.95%.

About Signet Jewelers

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.