SG Americas Securities LLC Sells 23,267 Shares of Signet Jewelers Limited $SIG

SG Americas Securities LLC reduced its position in shares of Signet Jewelers Limited (NYSE:SIG) by 57.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,108 shares of the company’s stock after selling 23,267 shares during the period. SG Americas Securities LLC’s holdings in Signet Jewelers were worth $1,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co. boosted its stake in Signet Jewelers by 4.2% during the fourth quarter. Diversified Trust Co. now owns 14,458 shares of the company’s stock valued at $1,198,000 after buying an additional 581 shares during the period. JPMorgan Chase & Co. increased its stake in Signet Jewelers by 212.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 500,589 shares of the company’s stock worth $48,016,000 after acquiring an additional 340,228 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $410,000. Danske Bank A S purchased a new stake in shares of Signet Jewelers in the 3rd quarter valued at about $879,000. Finally, Castleark Management LLC boosted its position in shares of Signet Jewelers by 3.9% during the 3rd quarter. Castleark Management LLC now owns 86,758 shares of the company’s stock valued at $8,322,000 after acquiring an additional 3,218 shares during the last quarter.

Analyst Upgrades and Downgrades

SIG has been the subject of several recent analyst reports. Wall Street Zen lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Sunday, March 22nd. Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a research report on Monday, March 30th. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 price target on shares of Signet Jewelers in a report on Thursday, March 19th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $88.44 on Tuesday. Signet Jewelers Limited has a one year low of $50.02 and a one year high of $110.20. The firm’s 50 day simple moving average is $90.85 and its two-hundred day simple moving average is $92.99. The stock has a market capitalization of $3.54 billion, a P/E ratio of 12.40, a PEG ratio of 0.98 and a beta of 1.25.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, March 19th. The company reported $6.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.11 by $0.14. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. The firm had revenue of ($4,468.50) million during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the business posted $6.62 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, April 24th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, April 24th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.6%. Signet Jewelers’s dividend payout ratio (DPR) is currently 17.95%.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.