Illinois Municipal Retirement Fund Has $9.19 Million Stock Holdings in Signet Jewelers Limited $SIG

Illinois Municipal Retirement Fund raised its position in Signet Jewelers Limited (NYSE:SIG) by 6.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 95,805 shares of the company’s stock after buying an additional 5,953 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Signet Jewelers were worth $9,190,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Cornerstone Investment Partners LLC bought a new stake in shares of Signet Jewelers in the third quarter worth $221,000. LSV Asset Management lifted its position in Signet Jewelers by 263.4% during the 3rd quarter. LSV Asset Management now owns 567,300 shares of the company’s stock worth $54,415,000 after buying an additional 411,200 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Signet Jewelers by 48.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,146 shares of the company’s stock worth $111,000 after buying an additional 372 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Signet Jewelers by 5.6% in the 3rd quarter. Savant Capital LLC now owns 3,694 shares of the company’s stock valued at $354,000 after acquiring an additional 197 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Signet Jewelers by 21.0% in the third quarter. Envestnet Asset Management Inc. now owns 9,106 shares of the company’s stock valued at $873,000 after acquiring an additional 1,580 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SIG shares. UBS Group reissued a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. Zacks Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Jefferies Financial Group increased their price objective on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Trading Up 0.8%

SIG stock 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 business’s 50 day simple moving average is $89.32 and its 200 day simple moving average is $91.65. The firm has a market capitalization of $3.66 billion, a PE ratio of 26.89, a PEG ratio of 0.98 and a beta of 1.28.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.47. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s quarterly revenue 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, sell-side analysts predict that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently declared 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 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 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.