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

Signet Jewelers Limited (NYSE:SIG) was the recipient of unusually large options trading activity on Thursday. Traders purchased 11,464 call options on the stock. This represents an increase of approximately 660% compared to the typical volume of 1,508 call options.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SIG. Wells Fargo & Company cut their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. The Goldman Sachs Group initiated coverage on Signet Jewelers in a report on Thursday, December 11th. They issued a “neutral” rating and a $96.00 target price for the company. UBS Group increased their price target on Signet Jewelers from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Jefferies Financial Group boosted their price objective on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Stephens initiated coverage on Signet Jewelers in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price objective for the company. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Signet Jewelers Price Performance

NYSE:SIG opened at $82.98 on Friday. The company has a market capitalization of $3.38 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.02 and a beta of 1.12. The business has a fifty day simple moving average of $96.75 and a two-hundred day simple moving average of $89.00. Signet Jewelers has a 1 year low of $45.55 and a 1 year high of $110.20.

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

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be paid a $0.32 dividend. The ex-dividend date is Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s dividend payout ratio (DPR) is presently 38.21%.

Institutional Trading of Signet Jewelers

Hedge funds and other institutional investors have recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Signet Jewelers by 56.5% during the first 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 grew its position in shares of Signet Jewelers by 1.7% in the second 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 in the last quarter. Vinva Investment Management Ltd bought a new stake in shares of Signet Jewelers during the 2nd quarter valued at $204,000. Maverick Capital Ltd. purchased a new stake in Signet Jewelers during the 1st quarter worth about $1,915,000. Finally, Castleark Management LLC purchased a new stake in Signet Jewelers during the 2nd quarter worth about $6,646,000.

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.