LSV Asset Management Boosts Stake in Signet Jewelers Limited $SIG

LSV Asset Management raised its position in Signet Jewelers Limited (NYSE:SIG) by 263.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,300 shares of the company’s stock after purchasing an additional 411,200 shares during the quarter. LSV Asset Management owned 1.39% of Signet Jewelers worth $54,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Signet Jewelers by 48.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,146 shares of the company’s stock worth $111,000 after purchasing an additional 372 shares during the period. Savant Capital LLC lifted its position in Signet Jewelers by 5.6% during the third quarter. Savant Capital LLC now owns 3,694 shares of the company’s stock valued at $354,000 after buying an additional 197 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Signet Jewelers by 21.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,106 shares of the company’s stock valued at $873,000 after buying an additional 1,580 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Signet Jewelers by 33.3% during the third quarter. Allianz Asset Management GmbH now owns 35,510 shares of the company’s stock worth $3,406,000 after buying an additional 8,868 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Signet Jewelers by 831.4% in the third quarter. Jones Financial Companies Lllp now owns 1,900 shares of the company’s stock worth $182,000 after acquiring an additional 1,696 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SIG shares. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Wells Fargo & Company cut their price objective on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 3rd. Jefferies Financial Group boosted their price objective on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd. Finally, Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Signet Jewelers Price Performance

NYSE:SIG opened at $89.19 on Friday. The firm has a 50-day moving average of $89.18 and a two-hundred day moving average of $91.61. The stock has a market cap of $3.63 billion, a P/E ratio of 26.62, a PEG ratio of 1.01 and a beta of 1.28. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $110.20.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.47. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, equities analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, January 23rd. Signet Jewelers’s dividend payout ratio is 38.21%.

Signet Jewelers 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.