Strs Ohio Cuts Stock Position in Signet Jewelers Limited (NYSE:SIG)

Strs Ohio lessened its position in Signet Jewelers Limited (NYSE:SIGGet Rating) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the company’s stock after selling 200 shares during the quarter. Strs Ohio’s holdings in Signet Jewelers were worth $1,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Grace & White Inc. NY raised its holdings in shares of Signet Jewelers by 0.3% in the 3rd quarter. Grace & White Inc. NY now owns 200,410 shares of the company’s stock valued at $11,462,000 after buying an additional 640 shares during the period. Wipfli Financial Advisors LLC acquired a new position in shares of Signet Jewelers during the 3rd quarter worth about $81,000. Steel Peak Wealth Management LLC boosted its position in shares of Signet Jewelers by 20.0% during the 3rd quarter. Steel Peak Wealth Management LLC now owns 6,000 shares of the company’s stock worth $343,000 after acquiring an additional 1,000 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $257,000. Finally, Versor Investments LP purchased a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $355,000. Hedge funds and other institutional investors own 97.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SIG shares. Telsey Advisory Group upped their price objective on Signet Jewelers from $72.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, December 7th. Citigroup upped their price target on Signet Jewelers from $60.00 to $77.00 in a report on Wednesday, December 7th. StockNews.com assumed coverage on Signet Jewelers in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. UBS Group increased their target price on Signet Jewelers from $79.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, December 7th. Finally, Bank of America raised their price objective on Signet Jewelers from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, December 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.00.

Signet Jewelers Stock Performance

SIG opened at $72.04 on Friday. The business’s 50 day moving average is $66.43 and its 200-day moving average is $62.34. The stock has a market cap of $3.27 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.76 and a beta of 2.12. The company has a current ratio of 1.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11. Signet Jewelers Limited has a twelve month low of $48.31 and a twelve month high of $92.25.

Signet Jewelers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, January 27th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, January 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.11%. Signet Jewelers’s dividend payout ratio is currently 12.90%.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, insider Stash Ptak sold 1,000 shares of Signet Jewelers stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the insider now directly owns 34,333 shares in the company, valued at approximately $2,574,975. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.76% of the stock is owned by corporate insiders.

Signet Jewelers Company Profile

(Get Rating)

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

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

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