Tenzing Global Management, LLC acquired 80,000 shares of Signet Jewelers for $7.67 million, representing 5.39% of the fund’s U.S. equity assets. Top holdings include NTGR, FOXF, GOGO, YEXT, and HLF. Signet operates over 2,800 stores and uses an omnichannel strategy to sell diamond jewelry.

Signet Jewelers has generated $6.70 billion in revenue and $61.20 million in net income over the trailing twelve months. The stock was priced at $101.01 on November 14, 2025, with a dividend yield of 1.24%. Tenzing initiated a new position in Signet stock, signaling confidence despite historical underperformance.

While Tenzing’s new position in Signet Jewelers is bullish, the stock has underperformed the S&P 500 over the past decade. Concerns include increased e-commerce competition and margin pressure from lab-grown diamonds. CEO insider buying contrasts with institutional confidence, urging caution for retail investors.

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Read more at Yahoo Finance: Beaten-Down Retail Stock Part of Latest Fund Buying Spree