Gallacher Capital Management LLC Takes $712,000 Position in Signet Jewelers Limited $SIG

Gallacher Capital Management LLC acquired a new position in shares of Signet Jewelers Limited (NYSE:SIG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,411 shares of the company’s stock, valued at approximately $712,000.

Several other institutional investors also recently modified their holdings of SIG. Richardson Financial Services Inc. bought a new stake in Signet Jewelers during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its holdings in shares of Signet Jewelers by 48.6% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Signet Jewelers during the 4th quarter valued at $39,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Signet Jewelers by 111.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after buying an additional 333 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after buying an additional 428 shares in the last quarter.

Signet Jewelers Price Performance

SIG opened at $89.97 on Friday. The stock’s 50 day simple moving average is $84.36 and its 200 day simple moving average is $88.26. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.91 and a beta of 1.15. Signet Jewelers Limited has a 1 year low of $71.61 and a 1 year high of $110.20.

Signet Jewelers (NYSE:SIG) last announced 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 business’s revenue was up .8% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 10.57 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 24th will be given a $0.35 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. Signet Jewelers’s payout ratio is presently 13.46%.

Wall Street Analyst Weigh In

SIG has been the topic of a number of research reports. 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. UBS Group cut their price objective on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a report on Friday, May 29th. Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research report on Monday, July 6th. One equities 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 company’s stock. Based on data from MarketBeat.com, the stock presently 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.