American Century Companies Inc. Increases Position in Signet Jewelers Limited $SIG

American Century Companies Inc. raised its stake in Signet Jewelers Limited (NYSE:SIG) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,592,735 shares of the company’s stock after purchasing an additional 174,873 shares during the quarter. American Century Companies Inc. owned about 3.89% of Signet Jewelers worth $152,775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Signet Jewelers by 87.2% during the 1st quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after purchasing an additional 8,183 shares during the period. Goldman Sachs Group Inc. increased 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 purchasing an additional 213,365 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Signet Jewelers by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock valued at $7,117,000 after acquiring an additional 10,964 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Signet Jewelers by 2.1% during the second quarter. Nisa Investment Advisors LLC now owns 11,008 shares of the company’s stock worth $876,000 after purchasing an additional 224 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Signet Jewelers in the 2nd quarter worth approximately $599,000.

Wall Street Analyst Weigh In

SIG has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price 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. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group upped their price target on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.67.

Signet Jewelers Stock Down 4.0%

SIG stock opened at $96.20 on Monday. Signet Jewelers Limited has a 12 month low of $45.55 and a 12 month high of $110.20. The firm has a 50 day moving average of $91.23 and a two-hundred day moving average of $93.16. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 1.06 and a beta of 1.25.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.47. The company had revenue of $1.39 billion during 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 quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

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

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.