March 16, 2024 Signet Jewelers (SIG)
52 Week Range 57.10 – 108.79
Market Cap 4.434B
Beta (5Y Monthly) 2.15
PE Ratio (TTM) 11.72
EPS (TTM) 8.54
Earnings Date Mar 20, 2024
Forward Dividend & Yield 0.92 (0.92%)
Ex-Dividend Date Jan 25, 2024
1y Target Est 114.60

Avgerage Earnings Estimate Next Year (2025) 10.55

Current Consensus EPS Forecast $6.37

Signet stock is down 6.72% YTD based on close of $100.05 on March 15, 2024

The Public Sector Pension Investment Board has reduced its investment in Signet Jewelers Limited (SIG) by 29.9% in the third quarter, according to HoldingsChannel.com. The board sold 23,969 shares during this period, leaving it with 56,125 shares valued at $4,030,000 at the end of the reporting period.

Other hedge funds have also adjusted their investments in the company. Belpointe Asset Management LLC increased its stake in Signet Jewelers by 67.9% in the first quarter, now owning 403 shares valued at $31,000. Quarry LP, Ronald Blue Trust Inc., and NewEdge Advisors LLC also increased their stakes in the company, while Lazard Asset Management LLC purchased a new position.

Insider transactions include Howard A. Melnick and Stash Ptak selling shares of the company’s stock. In the last 90 days, insiders have sold 91,004 shares valued at $9,014,794. They currently own 4.54% of the company’s stock.

Analysts have been positive about SIG. Wells Fargo & Company raised their price target from $110.00 to $120.00, giving the stock an “overweight” rating.

Citigroup upgraded Signet Jewelers from a “neutral” rating to a “buy” rating, and Telsey Advisory Group gave the stock a “market perform” rating.

However, StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating.

Signet has a market capitalization of $4.44 billion, a PE ratio of 12.12, a P/E/G ratio of 1.21 and a beta of 2.13. The stock has a 50-day simple moving average of $100.61 and a 200-day simple moving average of $87.78.