JPMorgan Chase & Co. Has $48.02 Million Holdings in Signet Jewelers Limited $SIG

by · The Markets Daily

JPMorgan Chase & Co. grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG – Free Report) by 212.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,589 shares of the company’s stock after acquiring an additional 340,228 shares during the quarter. JPMorgan Chase & Co. owned 1.22% of Signet Jewelers worth $48,016,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. increased its position in Signet Jewelers by 5.2% during the 2nd quarter. American Century Companies Inc. now owns 1,417,862 shares of the company’s stock worth $112,791,000 after purchasing an additional 70,516 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Signet Jewelers by 321.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock worth $68,554,000 after buying an additional 657,444 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Signet Jewelers by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after buying an additional 213,365 shares in the last quarter. Hood River Capital Management LLC bought a new position in shares of Signet Jewelers in the 2nd quarter valued at $56,537,000. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Signet Jewelers during the 2nd quarter valued at $50,342,000.

Signet Jewelers Stock Performance

NYSE:SIG opened at $100.29 on Friday. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $110.20. The firm’s fifty day moving average is $90.97 and its 200-day moving average is $92.86. The firm has a market cap of $4.08 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.08 and a beta of 1.28.

Signet Jewelers (NYSE:SIG – Get Free Report) last released its earnings results on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.47. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. Signet Jewelers’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 23rd were given a dividend of $0.32 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Signet Jewelers’s dividend payout ratio is presently 38.21%.

Wall Street Analysts Forecast Growth

SIG has been the subject of a number of recent research reports. UBS Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 target price (up from $92.00) on shares of Signet Jewelers in a research report on Tuesday, December 2nd. Wells Fargo & Company decreased their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.67.

View Our Latest Stock Report on SIG

Signet Jewelers Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIG – Free Report).