Illinois Municipal Retirement Fund Buys 22,120 Shares of Signet Jewelers Limited $SIG

Illinois Municipal Retirement Fund boosted its stake in Signet Jewelers Limited (NYSE:SIG) by 28.3% during the first quarter, HoldingsChannel reports. The firm owned 100,339 shares of the company’s stock after buying an additional 22,120 shares during the period. Illinois Municipal Retirement Fund’s holdings in Signet Jewelers were worth $8,493,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SIG. Sanctuary Advisors LLC increased its holdings in shares of Signet Jewelers by 14.7% in the 1st quarter. Sanctuary Advisors LLC now owns 33,890 shares of the company’s stock worth $2,868,000 after buying an additional 4,339 shares during the last quarter. Nwam LLC bought a new stake in shares of Signet Jewelers during the 1st quarter worth $212,000. Principal Financial Group Inc. lifted its holdings in shares of Signet Jewelers by 35.9% during the 1st quarter. Principal Financial Group Inc. now owns 265,235 shares of the company’s stock worth $22,449,000 after acquiring an additional 70,110 shares during the last quarter. Hsbc Holdings PLC grew its position in Signet Jewelers by 282.3% in the first quarter. Hsbc Holdings PLC now owns 10,686 shares of the company’s stock worth $903,000 after acquiring an additional 7,891 shares in the last quarter. Finally, Stephens Inc. AR purchased a new position in Signet Jewelers in the first quarter worth $226,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SIG shares. Citigroup raised their price target on Signet Jewelers from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a report on Monday, March 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research report on Monday, July 6th. Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, UBS Group dropped their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.88.

Signet Jewelers Stock Performance

SIG stock opened at $91.57 on Friday. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $110.20. The firm’s fifty day moving average is $84.44 and its 200 day moving average is $88.29. The firm has a market cap of $3.60 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.95 and a beta of 1.15.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, June 2nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Signet Jewelers had a net margin of 4.29% and a return on equity of 22.54%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 EPS. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, analysts forecast that Signet Jewelers Limited will post 10.57 EPS for the current year.

Signet Jewelers Announces Dividend

The business also recently disclosed 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 is Friday, July 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s payout ratio is currently 13.46%.

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.