Traders Purchase High Volume of Put Options on Signet Jewelers (NYSE:SIG)

Signet Jewelers Limited (NYSE:SIG) was the target of some unusual options trading activity on Wednesday. Investors purchased 2,646 put options on the company. Thisisanincreaseof64% compared to the average volume of 1,616 put options.

Signet Jewelers Stock Up 6.4%

NYSE SIG opened at $93.41 on Thursday. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 101.53, a PEG ratio of 0.79 and a beta of 1.40. Signet Jewelers has a twelve month low of $45.55 and a twelve month high of $106.28. The stock has a fifty day simple moving average of $81.39 and a 200 day simple moving average of $67.37.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.17. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%.Signet Jewelers’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 earnings per share. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. Research analysts expect that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, July 25th 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, July 25th. Signet Jewelers’s dividend payout ratio is presently 139.13%.

Institutional Trading of Signet Jewelers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in Signet Jewelers by 175.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock valued at $107,963,000 after acquiring an additional 1,183,214 shares during the last quarter. Hood River Capital Management LLC bought a new stake in Signet Jewelers during the second quarter valued at $56,537,000. Arrowstreet Capital Limited Partnership boosted its position in Signet Jewelers by 321.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock valued at $68,554,000 after acquiring an additional 657,444 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in Signet Jewelers during the second quarter valued at $50,342,000. Finally, Vanguard Group Inc. boosted 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 acquiring an additional 389,852 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Signet Jewelers from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. CL King assumed coverage on shares of Signet Jewelers in a report on Monday, May 5th. They set a “buy” rating and a $80.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Signet Jewelers in a report on Monday, June 16th. They set a “buy” rating and a $102.00 price target for the company. Finally, Citigroup upped their price target on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $88.86.

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.