Signet Jewelers Limited (NYSE:SIG) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in Signet Jewelers Limited (NYSE:SIGGet Rating) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,118 shares of the company’s stock after selling 804 shares during the period. Mackenzie Financial Corp owned 0.16% of Signet Jewelers worth $4,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Select Equity Group L.P. grew its position in Signet Jewelers by 45.8% during the 1st quarter. Select Equity Group L.P. now owns 8,079,589 shares of the company’s stock worth $587,386,000 after purchasing an additional 2,538,257 shares during the period. Victory Capital Management Inc. grew its position in Signet Jewelers by 74.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,441,350 shares of the company’s stock worth $77,055,000 after purchasing an additional 613,036 shares during the period. Renaissance Technologies LLC acquired a new stake in Signet Jewelers during the 1st quarter worth about $17,484,000. Ceredex Value Advisors LLC acquired a new stake in Signet Jewelers during the 2nd quarter worth about $11,463,000. Finally, Charles Schwab Investment Management Inc. grew its position in Signet Jewelers by 43.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 639,516 shares of the company’s stock worth $46,494,000 after purchasing an additional 192,995 shares during the period. 97.87% of the stock is owned by institutional investors and hedge funds.

Signet Jewelers Price Performance

Shares of SIG opened at $62.68 on Monday. Signet Jewelers Limited has a 1-year low of $48.31 and a 1-year high of $111.92. The stock has a market cap of $2.90 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.70 and a beta of 2.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.77 and a quick ratio of 0.63. The firm has a fifty day moving average price of $60.00 and a 200 day moving average price of $60.45.

Signet Jewelers (NYSE:SIGGet Rating) last announced its quarterly earnings results on Thursday, September 1st. The company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. Signet Jewelers had a net margin of 5.90% and a return on equity of 49.72%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the company earned $3.57 earnings per share. Signet Jewelers’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Signet Jewelers Limited will post 11.2 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, October 28th will be given a $0.20 dividend. The ex-dividend date is Thursday, October 27th. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. Signet Jewelers’s dividend payout ratio (DPR) is presently 11.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group lowered their target price on shares of Signet Jewelers from $85.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 10th. Citigroup lowered their target price on shares of Signet Jewelers from $76.00 to $65.00 in a research note on Wednesday, August 10th. Finally, StockNews.com started coverage on shares of Signet Jewelers in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $90.50.

Insider Activity at Signet Jewelers

In other Signet Jewelers news, insider Stephen E. Lovejoy sold 6,000 shares of Signet Jewelers stock in a transaction on Friday, September 9th. The shares were sold at an average price of $62.33, for a total value of $373,980.00. Following the transaction, the insider now directly owns 82,732 shares in the company, valued at $5,156,685.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.76% of the stock is owned by corporate insiders.

About Signet Jewelers

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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 Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.

See Also

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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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