Signet Jewelers Limited $SIG Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Signet Jewelers Limited (NYSE:SIG) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,615 shares of the company’s stock after selling 9,330 shares during the quarter. Bank of New York Mellon Corp owned about 0.76% of Signet Jewelers worth $24,869,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SIG. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Signet Jewelers by 56.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company’s stock worth $10,494,000 after acquiring an additional 65,234 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Signet Jewelers by 1.7% in the 2nd 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 period. Vanguard Group Inc. boosted its position in shares of Signet Jewelers by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company’s stock valued at $302,258,000 after purchasing an additional 389,852 shares during the period. Bayforest Capital Ltd purchased a new position in Signet Jewelers in the 1st quarter worth about $1,095,000. Finally, Nuveen LLC acquired a new stake in Signet Jewelers during the 1st quarter worth about $21,646,000.

Signet Jewelers Trading Down 1.4%

NYSE SIG opened at $101.03 on Friday. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $110.20. The firm’s fifty day simple moving average is $98.26 and its 200-day simple moving average is $84.60. The company has a market capitalization of $4.14 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, September 2nd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The business’s quarterly 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. As a group, analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Announces Dividend

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 $0.32 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Signet Jewelers’s dividend payout ratio is currently 42.95%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SIG shares. Telsey Advisory Group reissued a “market perform” rating and issued a $92.00 target price on shares of Signet Jewelers in a research report on Tuesday, September 2nd. UBS Group increased 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. Bank of America lifted their price target on Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price objective on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price of $105.50.

Signet Jewelers Profile

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.