96,734 Shares in Signet Jewelers Limited $SIG Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC purchased a new position in Signet Jewelers Limited (NYSE:SIG) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 96,734 shares of the company’s stock, valued at approximately $8,188,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SIG. Dimensional Fund Advisors LP lifted its holdings in shares of Signet Jewelers by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock worth $225,046,000 after purchasing an additional 43,925 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Signet Jewelers by 163.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 34,919 shares of the company’s stock valued at $3,349,000 after purchasing an additional 21,660 shares in the last quarter. Jain Global LLC acquired a new position in Signet Jewelers during the third quarter worth $6,533,000. JPMorgan Chase & Co. raised its holdings in Signet Jewelers by 212.2% during the third quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock worth $48,016,000 after buying an additional 340,228 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Signet Jewelers by 43.4% in the third quarter. Victory Capital Management Inc. now owns 335,483 shares of the company’s stock valued at $32,180,000 after buying an additional 101,487 shares in the last quarter.

Signet Jewelers Price Performance

SIG opened at $86.12 on Wednesday. The company’s 50-day moving average is $85.45 and its 200 day moving average is $88.36. Signet Jewelers Limited has a fifty-two week low of $71.61 and a fifty-two week high of $110.20. The firm has a market capitalization of $3.39 billion, a P/E ratio of 12.08, a PEG ratio of 0.91 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities research analysts expect that Signet Jewelers Limited will post 10.57 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. Signet Jewelers’s dividend payout ratio is currently 13.46%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SIG shares. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Royal Bank Of Canada raised Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Citigroup increased their price objective on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, UBS Group dropped their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.88.

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.