Illinois Municipal Retirement Fund Purchases 5,953 Shares of Signet Jewelers Limited $SIG

Illinois Municipal Retirement Fund increased its position in Signet Jewelers Limited (NYSE:SIG) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,805 shares of the company’s stock after purchasing an additional 5,953 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.23% of Signet Jewelers worth $9,190,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hood River Capital Management LLC bought a new position in shares of Signet Jewelers in the 2nd quarter valued at about $56,537,000. Arrowstreet Capital Limited Partnership lifted its holdings in Signet Jewelers by 321.8% in 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 during the period. Divisadero Street Capital Management LP bought a new position in Signet Jewelers in the second quarter valued at approximately $50,342,000. LSV Asset Management boosted its stake in Signet Jewelers by 263.4% in the third quarter. LSV Asset Management now owns 567,300 shares of the company’s stock valued at $54,415,000 after acquiring an additional 411,200 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Signet Jewelers by 33.5% during 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 during the period.

Signet Jewelers Trading Up 0.8%

NYSE:SIG opened at $90.08 on Friday. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $110.20. The stock has a 50-day moving average price of $89.32 and a two-hundred day moving average price of $91.65. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.98 and a beta of 1.28.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, topping 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.25 earnings per share. Signet Jewelers’s revenue 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. Sell-side 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 announced 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 dividend on an annualized basis and a yield of 1.4%. Signet Jewelers’s dividend payout ratio is presently 38.21%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Wells Fargo & Company decreased their price objective on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. UBS Group reissued a “buy” rating on shares of Signet Jewelers in a research note on Wednesday, December 31st. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. Finally, Jefferies Financial Group boosted their target price on Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

About Signet Jewelers

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.