Envestnet Asset Management Inc. Acquires Shares of 7,526 Signet Jewelers Limited $SIG

Envestnet Asset Management Inc. bought a new position in Signet Jewelers Limited (NYSE:SIG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,526 shares of the company’s stock, valued at approximately $599,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Signet Jewelers by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company’s stock worth $302,258,000 after purchasing an additional 389,852 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Signet Jewelers by 175.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock worth $107,963,000 after acquiring an additional 1,183,214 shares during the last quarter. American Century Companies Inc. raised its position in shares of Signet Jewelers by 17.1% in the 1st quarter. American Century Companies Inc. now owns 1,347,346 shares of the company’s stock worth $78,227,000 after purchasing an additional 196,905 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after purchasing an additional 213,365 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Signet Jewelers by 24.0% in the first quarter. Invesco Ltd. now owns 415,033 shares of the company’s stock worth $24,097,000 after buying an additional 80,308 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on SIG. Wall Street Zen raised Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Citigroup lifted their target price on shares of Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. UBS Group upped their price objective on Signet Jewelers from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Stephens assumed coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.50.

Signet Jewelers Price Performance

SIG stock opened at $94.45 on Tuesday. The firm’s 50-day moving average is $98.53 and its 200 day moving average is $86.15. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $110.20. The company has a market capitalization of $3.87 billion, a PE ratio of 31.69, a P/E/G ratio of 1.10 and a beta of 1.30.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.40. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. Sell-side analysts forecast 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 was paid on Friday, November 21st. Investors of record on Friday, October 24th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, October 24th. Signet Jewelers’s dividend payout ratio is 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.