MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Signet Jewelers Limited $SIG

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Signet Jewelers Limited (NYSE:SIG) by 169.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,942 shares of the company’s stock after purchasing an additional 40,876 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.15% of Signet Jewelers worth $3,771,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SIG. Deutsche Bank AG grew its position in shares of Signet Jewelers by 12.1% in the fourth quarter. Deutsche Bank AG now owns 61,046 shares of the company’s stock valued at $4,927,000 after purchasing an additional 6,566 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Signet Jewelers by 46.2% during the 4th quarter. Lazard Asset Management LLC now owns 15,072 shares of the company’s stock valued at $1,216,000 after buying an additional 4,760 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Signet Jewelers by 1.6% during the 4th quarter. Nuveen Asset Management LLC now owns 339,872 shares of the company’s stock valued at $27,431,000 after buying an additional 5,318 shares in the last quarter. Man Group plc grew its holdings in Signet Jewelers by 112.9% during the 4th quarter. Man Group plc now owns 5,338 shares of the company’s stock valued at $431,000 after buying an additional 2,831 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Signet Jewelers by 42.8% during the 4th quarter. ProShare Advisors LLC now owns 12,776 shares of the company’s stock valued at $1,031,000 after buying an additional 3,829 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Bank of America lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. UBS Group lifted their target price on Signet Jewelers from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Wall Street Zen raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Wells Fargo & Company reaffirmed a “cautious” rating on shares of Signet Jewelers in a report on Tuesday, September 2nd. Finally, Jefferies Financial Group started coverage on Signet Jewelers in a report on Monday, June 16th. They set a “buy” rating and a $102.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $97.71.

Signet Jewelers Stock Down 1.6%

NYSE:SIG opened at $91.32 on Friday. The business’s 50-day moving average price is $83.51 and its two-hundred day moving average price is $70.42. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The stock has a market cap of $3.76 billion, a P/E ratio of 30.64, a PEG ratio of 1.06 and a beta of 1.18.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.40. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. On average, equities research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 24th. Signet Jewelers’s dividend payout ratio (DPR) is currently 42.95%.

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.