One Way Holdings LLC Purchases New Stake in Signet Jewelers Limited $SIG

One Way Holdings LLC acquired a new stake in shares of Signet Jewelers Limited (NYSE:SIG) in the third quarter, HoldingsChannel.com reports. The fund acquired 118,309 shares of the company’s stock, valued at approximately $12,107,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SIG. Ameritas Advisory Services LLC purchased a new position in shares of Signet Jewelers in the second quarter worth $32,000. Parallel Advisors LLC boosted its position in shares of Signet Jewelers by 101.0% during the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock worth $33,000 after acquiring an additional 198 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Signet Jewelers by 46.2% during the third quarter. Farther Finance Advisors LLC now owns 842 shares of the company’s stock valued at $86,000 after acquiring an additional 266 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Signet Jewelers during the second quarter valued at $139,000. Finally, Leonteq Securities AG grew its stake in Signet Jewelers by 747.8% during the first quarter. Leonteq Securities AG now owns 1,721 shares of the company’s stock valued at $146,000 after acquiring an additional 1,518 shares in the last quarter.

Signet Jewelers Trading Up 0.1%

Shares of NYSE SIG opened at $117.72 on Monday. The firm’s 50-day moving average price is $101.12 and its 200-day moving average price is $92.10. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.65 and a beta of 1.05. Signet Jewelers Limited has a 12-month low of $71.61 and a 12-month high of $122.64.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Wednesday, September 9th. The company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.69 by $0.50. Signet Jewelers had a return on equity of 23.28% and a net margin of 5.19%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business posted $1.61 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. On average, equities analysts predict that Signet Jewelers Limited will post 11.70 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Signet Jewelers’s payout ratio is currently 16.13%.

Insiders Place Their Bets

In related news, insider Stash Ptak sold 405 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $48,600.00. Following the sale, the insider owned 20,428 shares in the company, valued at approximately $2,451,360. This represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.17% of the company’s stock.

Analyst Upgrades and Downgrades

SIG has been the topic of several research analyst reports. Bank of America boosted their price target on shares of Signet Jewelers from $102.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Jefferies Financial Group increased their price objective on shares of Signet Jewelers from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. UBS Group lifted their target price on Signet Jewelers from $122.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Citigroup lifted their target price on Signet Jewelers from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Finally, Telsey Advisory Group boosted their target price on Signet Jewelers from $96.00 to $105.00 and gave the stock a “market perform” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.56.

About Signet Jewelers

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.

Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.

The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.