Public Sector Pension Investment Board Grows Stake in Signet Jewelers Limited $SIG

Public Sector Pension Investment Board grew its position in Signet Jewelers Limited (NYSE:SIG) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,534 shares of the company’s stock after buying an additional 14,291 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Signet Jewelers worth $15,398,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Convergence Investment Partners LLC bought a new stake in Signet Jewelers during the 3rd quarter valued at $1,447,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Signet Jewelers by 149.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,882 shares of the company’s stock worth $3,250,000 after purchasing an additional 20,282 shares during the last quarter. LSV Asset Management boosted its position in Signet Jewelers by 263.4% during the third 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. Nordea Investment Management AB grew its stake in Signet Jewelers by 1.7% in the second quarter. Nordea Investment Management AB now owns 148,699 shares of the company’s stock valued at $11,828,000 after purchasing an additional 2,487 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in Signet Jewelers by 6.6% in the third quarter. Illinois Municipal Retirement Fund now owns 95,805 shares of the company’s stock worth $9,190,000 after purchasing an additional 5,953 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stephens assumed coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target on the stock. UBS Group restated a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Zacks Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Jefferies Financial Group increased their price objective on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 target price (up from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Price Performance

Shares of SIG opened at $90.08 on Friday. The company’s fifty day moving average price is $89.32 and its 200-day moving average price is $91.72. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $110.20. The firm has a market capitalization of $3.66 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28.

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

Signet Jewelers Announces Dividend

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

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.