Pacer Advisors Inc. Grows Position in Signet Jewelers Limited $SIG

Pacer Advisors Inc. increased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 7.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 283,706 shares of the company’s stock after buying an additional 20,780 shares during the quarter. Pacer Advisors Inc.’s holdings in Signet Jewelers were worth $24,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SIG. Parallel Advisors LLC boosted its holdings in shares of Signet Jewelers by 101.0% in the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after acquiring an additional 198 shares during the period. Amundi increased its holdings in shares of Signet Jewelers by 34.4% in the 1st quarter. Amundi now owns 11,360 shares of the company’s stock valued at $962,000 after acquiring an additional 2,906 shares during the period. California State Teachers Retirement System increased its holdings in shares of Signet Jewelers by 29.6% in the 1st quarter. California State Teachers Retirement System now owns 45,309 shares of the company’s stock valued at $3,835,000 after acquiring an additional 10,354 shares during the period. Empowered Funds LLC increased its holdings in shares of Signet Jewelers by 11.9% in the 1st quarter. Empowered Funds LLC now owns 156,800 shares of the company’s stock valued at $13,272,000 after acquiring an additional 16,665 shares during the period. Finally, Quantinno Capital Management LP raised its position in Signet Jewelers by 43.9% in the 1st quarter. Quantinno Capital Management LP now owns 10,894 shares of the company’s stock valued at $922,000 after purchasing an additional 3,323 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SIG. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research note on Monday, July 6th. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Signet Jewelers in a research note on Friday, May 29th. UBS Group reduced their target price on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Zacks Research upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Citigroup raised their price target on Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $94.95 on Tuesday. The business has a 50 day simple moving average of $87.65 and a 200-day simple moving average of $88.82. Signet Jewelers Limited has a 12 month low of $71.61 and a 12 month high of $110.20. The stock has a market capitalization of $3.73 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.15.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. Signet Jewelers’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm posted $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 10.65 EPS for the current year.

Signet Jewelers Announces Dividend

The company 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 1.5%. Signet Jewelers’s payout ratio is presently 19.64%.

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.