Wedge Capital Management L L P NC Sells 8,835 Shares of Signet Jewelers Limited $SIG

Wedge Capital Management L L P NC reduced its stake in Signet Jewelers Limited (NYSE:SIG) by 12.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,398 shares of the company’s stock after selling 8,835 shares during the period. Wedge Capital Management L L P NC owned 0.15% of Signet Jewelers worth $5,985,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Brooklyn Investment Group grew its stake in shares of Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock valued at $25,000 after buying an additional 427 shares during the period. Ameritas Advisory Services LLC bought a new position in Signet Jewelers in the second quarter worth approximately $29,000. Quarry LP bought a new position in Signet Jewelers in the first quarter worth approximately $54,000. EverSource Wealth Advisors LLC grew its stake in Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after acquiring an additional 428 shares during the period. Finally, State of Wyoming acquired a new stake in Signet Jewelers in the second quarter valued at approximately $69,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stephens assumed coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $150.00 price target for the company. Jefferies Financial Group boosted their target price on shares of Signet Jewelers from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Bank of America upped their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. The Goldman Sachs Group initiated coverage on Signet Jewelers in a research note on Thursday, December 11th. They set a “neutral” rating and a $96.00 price target for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $83.24 on Monday. Signet Jewelers Limited has a fifty-two week low of $45.55 and a fifty-two week high of $110.20. The firm’s 50-day simple moving average is $96.57 and its 200 day simple moving average is $89.31. The stock has a market cap of $3.39 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.02 and a beta of 1.12.

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

Signet Jewelers Dividend Announcement

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

Signet Jewelers Company 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.