Signet Jewelers Limited (NYSE:SIG) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in Signet Jewelers Limited (NYSE:SIG) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,182 shares of the company’s stock after acquiring an additional 403 shares during the period. Cetera Investment Advisers’ holdings in Signet Jewelers were worth $649,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Signet Jewelers by 946.8% in the first quarter. Allworth Financial LP now owns 492 shares of the company’s stock worth $29,000 after purchasing an additional 445 shares during the period. Versant Capital Management Inc raised its position in Signet Jewelers by 40.5% in the first quarter. Versant Capital Management Inc now owns 773 shares of the company’s stock worth $45,000 after acquiring an additional 223 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in Signet Jewelers during the 1st quarter worth about $45,000. Signaturefd LLC lifted its position in shares of Signet Jewelers by 174.1% in the first quarter. Signaturefd LLC now owns 943 shares of the company’s stock worth $55,000 after purchasing an additional 599 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Signet Jewelers by 832.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company’s stock worth $110,000 after purchasing an additional 1,216 shares in the last quarter.

Signet Jewelers Stock Down 1.0%

SIG stock opened at $82.00 on Friday. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $106.28. The stock’s 50 day moving average is $80.54 and its 200-day moving average is $65.82. The firm has a market capitalization of $3.37 billion, a PE ratio of 89.13, a P/E/G ratio of 0.75 and a beta of 1.40.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.17. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors 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 1.6%. The ex-dividend date is Friday, July 25th. Signet Jewelers’s payout ratio is presently 139.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SIG shares. CL King initiated coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They issued a “buy” rating and a $80.00 price target on the stock. Wall Street Zen cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group lifted their price target on Signet Jewelers from $84.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Citigroup lifted their price target on Signet Jewelers from $85.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Bank of America lifted their price objective on Signet Jewelers from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price of $88.86.

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 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.