Arrowstreet Capital Limited Partnership Buys 657,444 Shares of Signet Jewelers Limited $SIG

Arrowstreet Capital Limited Partnership grew its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 321.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 861,769 shares of the company’s stock after acquiring an additional 657,444 shares during the period. Arrowstreet Capital Limited Partnership owned 2.09% of Signet Jewelers worth $68,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Signet Jewelers by 8.1% during 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. increased its position in Signet Jewelers by 175.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company’s stock worth $107,963,000 after buying an additional 1,183,214 shares during the period. American Century Companies Inc. lifted its holdings in shares of Signet Jewelers by 5.2% during the second quarter. American Century Companies Inc. now owns 1,417,862 shares of the company’s stock worth $112,791,000 after buying an additional 70,516 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after buying an additional 213,365 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Signet Jewelers by 24.0% in the first quarter. Invesco Ltd. now owns 415,033 shares of the company’s stock valued at $24,097,000 after acquiring an additional 80,308 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SIG shares. Citigroup raised their price target 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. Wall Street Zen upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Stephens initiated 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 for the company. Bank of America boosted their price target on Signet Jewelers from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers currently has a consensus rating of “Moderate Buy” and an average price target of $105.38.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $84.93 on Friday. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $110.20. The stock has a market capitalization of $3.48 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.00 and a beta of 1.12. The stock has a fifty day moving average of $98.62 and a 200-day moving average of $87.49.

Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, research analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 annualized dividend and a yield of 1.5%. Signet Jewelers’s dividend payout ratio is presently 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.