Sentry Investment Management LLC cut its stake in Signet Jewelers Limited (NYSE:SIG) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,844 shares of the company’s stock after selling 206 shares during the period. Sentry Investment Management LLC’s holdings in Signet Jewelers Limited were worth $336,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Engine Capital Management LLC bought a new stake in shares of Signet Jewelers Limited during the fourth quarter valued at approximately $5,000,000. SRB Corp increased its stake in shares of Signet Jewelers Limited by 27.0% in the third quarter. SRB Corp now owns 1,654 shares of the company’s stock valued at $123,000 after buying an additional 352 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Signet Jewelers Limited during the first quarter valued at approximately $115,000. James Investment Research Inc. bought a new stake in shares of Signet Jewelers Limited during the first quarter valued at approximately $133,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in shares of Signet Jewelers Limited during the third quarter worth approximately $146,000.
Signet Jewelers Limited (NYSE:SIG) traded down 1.46% during midday trading on Tuesday, reaching $59.96. The company had a trading volume of 907,783 shares. The firm has a 50-day moving average price of $58.52 and a 200-day moving average price of $72.43. Signet Jewelers Limited has a 52 week low of $46.09 and a 52 week high of $101.46. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 9.53 and a beta of 1.03.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, May 25th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 EPS. Analysts expect that Signet Jewelers Limited will post $6.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.04%. Signet Jewelers Limited’s dividend payout ratio is currently 19.97%.
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A number of brokerages recently commented on SIG. Northcoast Research reaffirmed a “hold” rating on shares of Signet Jewelers Limited in a research report on Saturday, March 11th. Cowen and Company reaffirmed a “market perform” rating and set a $54.00 price target (down from $65.00) on shares of Signet Jewelers Limited in a research report on Sunday, May 28th. J P Morgan Chase & Co decreased their price target on Signet Jewelers Limited from $72.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, May 31st. BidaskClub raised Signet Jewelers Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Telsey Advisory Group decreased their target price on Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating for the company in a research report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $79.56.
In related news, Director H. Todd Stitzer bought 2,090 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average price of $47.91 per share, with a total value of $100,131.90. Following the completion of the purchase, the director now directly owns 16,823 shares of the company’s stock, valued at $805,989.93. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by insiders.
Signet Jewelers Limited Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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