Signet Jewelers Limited $SIG Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in Signet Jewelers Limited (NYSE:SIG) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,325 shares of the company’s stock after selling 1,120 shares during the period. New York State Teachers Retirement System’s holdings in Signet Jewelers were worth $4,481,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its position in Signet Jewelers by 42,700.0% in the 1st quarter. Brooklyn Investment Group now owns 428 shares of the company’s stock valued at $25,000 after acquiring an additional 427 shares during the period. Allworth Financial LP increased its position in Signet Jewelers by 946.8% during the 1st quarter. Allworth Financial LP now owns 492 shares of the company’s stock worth $29,000 after purchasing an additional 445 shares during the period. Ameritas Advisory Services LLC acquired a new position in Signet Jewelers during the 2nd quarter worth approximately $29,000. Headlands Technologies LLC acquired a new position in Signet Jewelers during the 1st quarter worth approximately $36,000. Finally, Quarry LP acquired a new position in Signet Jewelers during the 1st quarter worth approximately $54,000.

Signet Jewelers Price Performance

SIG opened at $104.85 on Tuesday. The stock has a market cap of $4.29 billion, a P/E ratio of 35.18, a P/E/G ratio of 1.19 and a beta of 1.23. The stock’s 50 day simple moving average is $92.35 and its 200 day simple moving average is $78.58. Signet Jewelers Limited has a 1-year low of $45.55 and a 1-year high of $106.28.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.40. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Signet Jewelers had a return on equity of 23.42% and a net margin of 1.95%.The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.040-9.570 EPS. Q3 2026 guidance at EPS. Research analysts expect that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 24th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. Signet Jewelers’s dividend payout ratio is presently 42.95%.

Wall Street Analysts Forecast Growth

SIG has been the topic of several recent analyst reports. Wells Fargo & Company reiterated a “cautious” rating on shares of Signet Jewelers in a research report on Tuesday, September 2nd. Citigroup boosted their target price on Signet Jewelers from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. UBS Group boosted their target price on Signet Jewelers from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, October 8th. Finally, Bank of America boosted their target price on Signet Jewelers from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Signet Jewelers currently has an average rating of “Hold” and an average price target of $97.71.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.