Bank of Montreal Can acquired a new stake in Signet Jewelers Limited (NYSE:SIG – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,726 shares of the company’s stock, valued at approximately $310,000.
A number of other institutional investors have also recently made changes to their positions in SIG. Louisiana State Employees Retirement System raised its holdings in shares of Signet Jewelers by 11.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the company’s stock valued at $1,547,000 after acquiring an additional 2,500 shares in the last quarter. American Century Companies Inc. raised its stake in Signet Jewelers by 9.2% during the first quarter. American Century Companies Inc. now owns 521,204 shares of the company’s stock valued at $40,410,000 after buying an additional 44,098 shares during the last quarter. Brown Advisory Inc. raised its stake in Signet Jewelers by 28.8% during the second quarter. Brown Advisory Inc. now owns 568,065 shares of the company’s stock valued at $37,072,000 after buying an additional 126,963 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Signet Jewelers in the 1st quarter worth $527,000. Finally, William Blair Investment Management LLC increased its holdings in shares of Signet Jewelers by 10.2% in the 1st quarter. William Blair Investment Management LLC now owns 500,391 shares of the company’s stock worth $38,920,000 after purchasing an additional 46,412 shares in the last quarter.
Insiders Place Their Bets
In other Signet Jewelers news, insider Oded Edelman sold 7,469 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $84.15, for a total transaction of $628,516.35. Following the transaction, the insider now directly owns 64,233 shares in the company, valued at $5,405,206.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Oded Edelman sold 7,469 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $84.15, for a total transaction of $628,516.35. Following the sale, the insider now owns 64,233 shares of the company’s stock, valued at $5,405,206.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian A. Tilzer sold 5,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $76.23, for a total value of $381,150.00. Following the completion of the transaction, the director now directly owns 15,915 shares in the company, valued at approximately $1,213,200.45. The disclosure for this sale can be found here. Insiders have sold 95,782 shares of company stock worth $7,168,607 over the last ninety days. Corporate insiders own 4.54% of the company’s stock.
Signet Jewelers Stock Up 3.2 %
Signet Jewelers (NYSE:SIG – Get Free Report) last issued its earnings results on Thursday, August 31st. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. Signet Jewelers had a return on equity of 34.59% and a net margin of 6.47%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $2.68 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, sell-side analysts expect that Signet Jewelers Limited will post 9.89 EPS for the current year.
Signet Jewelers Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers’s dividend payout ratio (DPR) is 10.47%.
Wall Street Analyst Weigh In
Several brokerages recently commented on SIG. UBS Group lifted their price objective on Signet Jewelers from $90.00 to $93.00 in a report on Friday, September 1st. StockNews.com started coverage on Signet Jewelers in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Bank of America boosted their price objective on Signet Jewelers from $71.00 to $83.00 in a research note on Friday, September 1st. Finally, Telsey Advisory Group upped their target price on Signet Jewelers from $71.00 to $82.00 in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $84.20.
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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