Signet Jewelers Limited (SIG) Holdings Boosted by Prudential Financial Inc.

Prudential Financial Inc. grew its position in shares of Signet Jewelers Limited (NYSE:SIG) by 56.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,803 shares of the company’s stock after buying an additional 55,321 shares during the quarter. Prudential Financial Inc. owned 0.22% of Signet Jewelers Limited worth $9,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of Signet Jewelers Limited during the 1st quarter worth approximately $115,000. Daiwa Securities Group Inc. lifted its position in shares of Signet Jewelers Limited by 16.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock worth $145,000 after buying an additional 300 shares in the last quarter. FNY Managed Accounts LLC bought a new position in shares of Signet Jewelers Limited during the 1st quarter worth approximately $153,000. Nordea Investment Management AB lifted its position in shares of Signet Jewelers Limited by 2.5% during the 1st quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock worth $187,000 after buying an additional 65 shares in the last quarter. Finally, Soros Fund Management LLC bought a new position in shares of Signet Jewelers Limited during the 1st quarter worth approximately $256,000.

TRADEMARK VIOLATION NOTICE: “Signet Jewelers Limited (SIG) Holdings Boosted by Prudential Financial Inc.” was first published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.thestockobserver.com/2017/09/13/signet-jewelers-limited-sig-holdings-boosted-by-prudential-financial-inc.html.

Shares of Signet Jewelers Limited (NYSE:SIG) opened at 68.30 on Wednesday. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The company has a market cap of $4.12 billion, a PE ratio of 10.28 and a beta of 0.99. The company has a 50 day moving average of $59.92 and a 200-day moving average of $62.14.

Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Equities research analysts anticipate that Signet Jewelers Limited will post $7.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.82%. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.14%.

Several equities analysts have commented on SIG shares. Bank of America Corporation reissued a “buy” rating and set a $75.00 target price (down previously from $90.00) on shares of Signet Jewelers Limited in a research report on Sunday, May 28th. CL King cut shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a research report on Friday, May 26th. Wells Fargo & Company set a $97.00 target price on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, September 4th. Finally, Royal Bank Of Canada set a $63.00 target price on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $71.63.

About Signet Jewelers Limited

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.

Institutional Ownership by Quarter for Signet Jewelers Limited (NYSE:SIG)

Receive News & Ratings for Signet Jewelers Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply