Bessemer Group Inc. trimmed its position in shares of Signet Jewelers Limited (NYSE:SIG) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,311 shares of the company’s stock after selling 2,143 shares during the quarter. Bessemer Group Inc.’s holdings in Signet Jewelers Limited were worth $1,950,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Bank of Australia boosted its position in Signet Jewelers Limited by 5.6% during the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after purchasing an additional 85 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Signet Jewelers Limited in the second quarter worth $121,000. Tower Research Capital LLC TRC raised its holdings in shares of Signet Jewelers Limited by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after acquiring an additional 335 shares during the last quarter. ING Groep NV acquired a new position in shares of Signet Jewelers Limited in the second quarter worth $240,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Signet Jewelers Limited in the second quarter worth $329,000.
Shares of Signet Jewelers Limited (SIG) opened at $69.49 on Tuesday. Signet Jewelers Limited has a 1 year low of $46.09 and a 1 year high of $101.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.40. The stock has a market capitalization of $4,281.17, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03.
Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. equities research analysts forecast that Signet Jewelers Limited will post 7.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 19.14%.
A number of equities analysts have recently weighed in on the company. BidaskClub cut Signet Jewelers Limited from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a report on Saturday, August 19th. Instinet reissued a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Signet Jewelers Limited in a report on Monday, August 28th. Wells Fargo & Company reissued an “outperform” rating and issued a $75.00 price target (up from $70.00) on shares of Signet Jewelers Limited in a report on Thursday, August 24th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $66.00 price target on shares of Signet Jewelers Limited in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Signet Jewelers Limited presently has a consensus rating of “Hold” and an average price target of $70.25.
Signet Jewelers Limited 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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