Bank of New York Mellon Corp Trims Holdings in Signet Jewelers Limited (NYSE:SIG)

Bank of New York Mellon Corp trimmed its position in shares of Signet Jewelers Limited (NYSE:SIG) by 4.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 321,945 shares of the company’s stock after selling 16,302 shares during the quarter. Bank of New York Mellon Corp owned about 0.75% of Signet Jewelers worth $18,692,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Magnetar Financial LLC purchased a new stake in Signet Jewelers during the 4th quarter valued at about $2,418,000. Norges Bank purchased a new stake in shares of Signet Jewelers during the 4th quarter valued at about $40,989,000. Bryce Point Capital LLC bought a new position in shares of Signet Jewelers in the 4th quarter worth approximately $1,530,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Signet Jewelers in the 1st quarter worth approximately $2,112,000. Finally, Anomaly Capital Management LP lifted its stake in shares of Signet Jewelers by 862.5% in the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company’s stock worth $142,253,000 after purchasing an additional 1,579,410 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Wells Fargo & Company increased their price objective on shares of Signet Jewelers from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, June 4th. Telsey Advisory Group increased their price objective on shares of Signet Jewelers from $62.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, June 3rd. CL King assumed coverage on shares of Signet Jewelers in a report on Monday, May 5th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Jefferies Financial Group assumed coverage on shares of Signet Jewelers in a report on Monday, June 16th. They issued a “buy” rating and a $102.00 target price for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.14.

Signet Jewelers Stock Up 1.2%

NYSE SIG opened at $81.93 on Friday. The company has a fifty day moving average of $75.57 and a two-hundred day moving average of $63.96. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 89.06, a PEG ratio of 0.73 and a beta of 1.39. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $106.28.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.17. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 earnings per share. Equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 25th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, July 25th. Signet Jewelers’s dividend payout ratio is currently 139.13%.

Insider Buying and Selling at Signet Jewelers

In other news, Director Helen Mccluskey acquired 1,700 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average cost of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the acquisition, the director directly owned 31,916 shares of the company’s stock, valued at $1,878,575.76. The trade was a 5.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Signet Jewelers Company Profile

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 Outlet, Zales Jewelers, 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.