09:13 AM EST, 02/28/2025 (MT Newswires) -- Signet Jewelers ( SIG ) shares were over 7% higher in recent premarket trading Friday after shareholder Select Equity Group said in a regulatory filing it has amassed around 4.2 million Signet Jewelers ( SIG ) shares, approximately 9.7% of the company's total equity, for $153 million.

Select Equity said in a letter accompanying the filing that it believes the shares are undervalued and is urging the company's board to explore strategic options including a potential sale.