Signet Jewelers Limited $SIG Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,623 shares of the company’s stock after selling 13,996 shares during the quarter. Principal Financial Group Inc. owned approximately 0.49% of Signet Jewelers worth $19,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in shares of Signet Jewelers by 5.2% in the 2nd quarter. American Century Companies Inc. now owns 1,417,862 shares of the company’s stock valued at $112,791,000 after purchasing an additional 70,516 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Signet Jewelers by 321.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock valued at $68,554,000 after buying an additional 657,444 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after acquiring an additional 213,365 shares in the last quarter. Hood River Capital Management LLC acquired a new position in shares of Signet Jewelers in the 2nd quarter worth approximately $56,537,000. Finally, Divisadero Street Capital Management LP bought a new stake in shares of Signet Jewelers in the 2nd quarter valued at approximately $50,342,000.

Analysts Set New Price Targets

A number of research firms have commented on SIG. Stephens initiated coverage on shares of Signet Jewelers in a report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, January 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 target price (up previously from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Wall Street Zen downgraded Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Zacks Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Signet Jewelers Stock Performance

Shares of SIG stock opened at $96.84 on Monday. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $110.20. The firm has a market capitalization of $3.94 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.06 and a beta of 1.28. The stock has a fifty day moving average of $88.95 and a two-hundred day moving average of $91.47.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.47. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Equities research analysts predict that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, January 23rd. Signet Jewelers’s dividend payout ratio (DPR) is presently 38.21%.

Signet Jewelers Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.