Brandywine Global Investment Management LLC Increases Stock Position in Signet Jewelers Limited $SIG

Brandywine Global Investment Management LLC increased its position in Signet Jewelers Limited (NYSE:SIG) by 34.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,783 shares of the company’s stock after acquiring an additional 23,861 shares during the period. Brandywine Global Investment Management LLC’s holdings in Signet Jewelers were worth $7,773,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new position in Signet Jewelers in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC lifted 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 during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after acquiring an additional 333 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Signet Jewelers during the 3rd quarter valued at about $64,000.

Wall Street Analysts Forecast Growth

SIG has been the subject of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a report on Thursday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Citigroup boosted their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Wall Street Zen downgraded Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, UBS Group lowered their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $112.88.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $86.88 on Wednesday. The firm has a fifty day moving average price of $86.12 and a 200 day moving average price of $88.99. Signet Jewelers Limited has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 0.89 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate 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 was up .8% on a year-over-year basis. During the same quarter last year, the business posted $1.18 earnings per share. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, research analysts predict that Signet Jewelers Limited will post 10.57 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 24th. Signet Jewelers’s dividend payout ratio is 17.95%.

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.