Bridgeway Capital Management LLC Reduces Holdings in Signet Jewelers Limited $SIG

Bridgeway Capital Management LLC reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 281,305 shares of the company’s stock after selling 14,391 shares during the period. Bridgeway Capital Management LLC’s holdings in Signet Jewelers were worth $23,315,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in shares of Signet Jewelers during the fourth quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in shares of Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after purchasing an additional 124 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Signet Jewelers during the fourth quarter valued at $39,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Signet Jewelers by 111.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after purchasing an additional 333 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Signet Jewelers during the third quarter valued at $64,000.

Signet Jewelers Price Performance

SIG stock opened at $86.59 on Thursday. The business has a 50-day moving average price of $86.52 and a 200 day moving average price of $88.59. The company has a market capitalization of $3.41 billion, a P/E ratio of 12.14, a PEG ratio of 0.92 and a beta of 1.17. Signet Jewelers Limited has a 1-year low of $71.61 and a 1-year high of $110.20.

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

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, July 24th. Signet Jewelers’s payout ratio is presently 17.95%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SIG. Wells Fargo & Company reissued a “mixed” rating on shares of Signet Jewelers in a research note on Wednesday, June 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a research note on Thursday, March 19th. Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a research note on Friday, May 29th. Finally, UBS Group lowered their target price on shares of Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a research note 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.