Bowen Hanes & Co. Inc. Takes $47.84 Million Position in Signet Jewelers Limited $SIG

Bowen Hanes & Co. Inc. bought a new stake in shares of Signet Jewelers Limited (NYSE:SIG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 498,715 shares of the company’s stock, valued at approximately $47,837,000. Bowen Hanes & Co. Inc. owned approximately 1.22% of Signet Jewelers at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SIG. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Signet Jewelers by 1.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock worth $1,182,000 after buying an additional 124 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Signet Jewelers by 2.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,995 shares of the company’s stock valued at $562,000 after acquiring an additional 150 shares during the period. Nisa Investment Advisors LLC boosted its stake in Signet Jewelers by 1.5% during the third quarter. Nisa Investment Advisors LLC now owns 11,169 shares of the company’s stock worth $1,071,000 after acquiring an additional 161 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Signet Jewelers by 1.9% in the second quarter. Quadrant Capital Group LLC now owns 8,696 shares of the company’s stock worth $692,000 after purchasing an additional 162 shares during the period. Finally, GAMMA Investing LLC increased its stake in Signet Jewelers by 5.4% in the third quarter. GAMMA Investing LLC now owns 3,271 shares of the company’s stock valued at $314,000 after purchasing an additional 168 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report 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. Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and a consensus price target of $109.67.

Signet Jewelers Stock Up 3.1%

Shares of NYSE:SIG opened at $98.01 on Friday. The business’s 50 day moving average is $89.88 and its 200 day moving average is $92.35. Signet Jewelers Limited has a 12-month low of $45.55 and a 12-month high of $110.20. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.07 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, beating analysts’ consensus estimates of $0.16 by $0.47. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.36 billion. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.Signet Jewelers’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, equities research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, January 23rd were paid a $0.32 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.28 annualized dividend 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.