Rhumbline Advisers grew its stake in Signet Jewelers Limited (NYSE:SIG – Free Report) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,298 shares of the company’s stock after acquiring an additional 4,564 shares during the period. Rhumbline Advisers owned 0.34% of Signet Jewelers worth $11,846,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Brown Advisory Inc. bought a new position in Signet Jewelers during the 1st quarter worth $34,309,000. Millennium Management LLC raised its stake in Signet Jewelers by 857.4% in the 4th quarter. Millennium Management LLC now owns 457,101 shares of the company’s stock worth $31,083,000 after purchasing an additional 409,355 shares in the last quarter. Norges Bank bought a new stake in Signet Jewelers in the 4th quarter valued at about $21,605,000. GMT Capital Corp grew its position in shares of Signet Jewelers by 40.2% during the 1st quarter. GMT Capital Corp now owns 1,026,700 shares of the company’s stock worth $79,857,000 after purchasing an additional 294,500 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Signet Jewelers in the 1st quarter valued at $17,484,000.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Telsey Advisory Group increased their target price on Signet Jewelers from $71.00 to $82.00 in a report on Friday. Northcoast Research lowered shares of Signet Jewelers from a “buy” rating to a “neutral” rating in a report on Monday, June 12th. Bank of America raised their price target on shares of Signet Jewelers from $71.00 to $83.00 in a research note on Friday. UBS Group boosted their price objective on shares of Signet Jewelers from $90.00 to $93.00 in a research note on Friday. Finally, Wells Fargo & Company reduced their price target on Signet Jewelers from $100.00 to $95.00 in a research report on Friday, June 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Signet Jewelers presently has an average rating of “Hold” and a consensus target price of $84.20.
Signet Jewelers Price Performance
SIG stock opened at $78.62 on Friday. The company has a market capitalization of $3.57 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 0.90 and a beta of 2.13. Signet Jewelers Limited has a 52-week low of $51.29 and a 52-week high of $83.42. The business has a 50-day simple moving average of $73.19 and a two-hundred day simple moving average of $71.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.51 and a current ratio of 1.74.
Signet Jewelers (NYSE:SIG – Get Free Report) last posted its earnings results on Thursday, August 31st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. Signet Jewelers had a net margin of 7.27% and a return on equity of 40.57%. During the same quarter in the prior year, the business posted $2.68 EPS. The business’s revenue was down 8.1% compared to the same quarter last year. Research analysts expect that Signet Jewelers Limited will post 9.69 EPS for the current fiscal year.
Signet Jewelers Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, October 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.21%.
Insiders Place Their Bets
In related news, insider Oded Edelman sold 1,766 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $74.14, for a total value of $130,931.24. Following the sale, the insider now directly owns 159,912 shares in the company, valued at approximately $11,855,875.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Signet Jewelers news, insider Rebecca Wooters sold 9,996 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $62.55, for a total value of $625,249.80. Following the completion of the transaction, the insider now owns 103,900 shares in the company, valued at $6,498,945. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Oded Edelman sold 1,766 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $74.14, for a total value of $130,931.24. Following the completion of the transaction, the insider now directly owns 159,912 shares in the company, valued at $11,855,875.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,979 shares of company stock valued at $7,252,711. Company insiders own 4.54% of the company’s stock.
About Signet Jewelers
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 its digital banners, James Allen and Blue Nile.
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