Signet Jewelers Sees Unusually Large Options Volume (NYSE:SIG)

Signet Jewelers Limited (NYSE:SIG) was the recipient of some unusual options trading on Thursday. Stock traders acquired 11,464 call options on the company. This is an increase of approximately 660% compared to the average daily volume of 1,508 call options.

Institutional Trading of Signet Jewelers

A number of hedge funds have recently made changes to their positions in SIG. Hood River Capital Management LLC bought a new position in Signet Jewelers during the 2nd quarter valued at approximately $56,537,000. Arrowstreet Capital Limited Partnership raised its position in shares of Signet Jewelers by 321.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock worth $68,554,000 after purchasing an additional 657,444 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in Signet Jewelers in the 2nd quarter worth about $50,342,000. Bowen Hanes & Co. Inc. purchased a new stake in Signet Jewelers during the 3rd quarter valued at about $47,837,000. Finally, LSV Asset Management increased its stake in Signet Jewelers by 263.4% during the 3rd quarter. LSV Asset Management now owns 567,300 shares of the company’s stock valued at $54,415,000 after purchasing an additional 411,200 shares in the last quarter.

Signet Jewelers Trading Down 0.0%

SIG traded down $0.03 during trading on Thursday, reaching $83.20. The stock had a trading volume of 578,390 shares, compared to its average volume of 1,192,382. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.02 and a beta of 1.12. The stock’s 50 day moving average is $97.02 and its two-hundred day moving average is $89.04. Signet Jewelers has a one year low of $45.55 and a one year high of $110.20.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, equities research analysts predict that Signet Jewelers 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. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. Signet Jewelers’s dividend payout ratio (DPR) is currently 38.21%.

Analyst Ratings Changes

SIG has been the subject of a number of recent analyst reports. Stephens started coverage on Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target for the company. Telsey Advisory Group restated a “market perform” rating and set a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. The Goldman Sachs Group initiated coverage on Signet Jewelers in a research note on Thursday, December 11th. They issued a “neutral” rating and a $96.00 price target for the company. Jefferies Financial Group boosted their price objective on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $109.67.

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.