Schroder Investment Management Group lowered its holdings in Signet Jewelers Ltd. (NYSE:SIG) by 26.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 610,537 shares of the company’s stock after selling 223,495 shares during the quarter. Schroder Investment Management Group owned approximately 1.03% of Signet Jewelers worth $35,253,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Signet Jewelers by 27.3% during the 2nd quarter. BlackRock Inc. now owns 6,861,060 shares of the company’s stock worth $382,504,000 after acquiring an additional 1,470,230 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Signet Jewelers by 30.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,809,824 shares of the company’s stock worth $212,403,000 after acquiring an additional 886,476 shares in the last quarter. Contrarius Investment Management Ltd bought a new position in shares of Signet Jewelers during the 2nd quarter worth approximately $121,682,000. Millennium Management LLC raised its stake in shares of Signet Jewelers by 742.9% during the 1st quarter. Millennium Management LLC now owns 915,947 shares of the company’s stock worth $35,282,000 after acquiring an additional 807,282 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Signet Jewelers by 11.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 697,621 shares of the company’s stock worth $38,892,000 after acquiring an additional 74,022 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.
Several research analysts recently commented on the stock. Wells Fargo & Co reiterated a “hold” rating and set a $65.00 price objective (up previously from $50.00) on shares of Signet Jewelers in a research note on Thursday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $69.00 price objective (up previously from $63.00) on shares of Signet Jewelers in a research note on Friday, August 31st. Citigroup lowered shares of Signet Jewelers from a “neutral” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Tuesday, September 4th. Zacks Investment Research upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Thursday, September 6th. Finally, TheStreet upgraded shares of Signet Jewelers from a “d+” rating to a “c-” rating in a research note on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Signet Jewelers presently has a consensus rating of “Hold” and a consensus price target of $55.13.
Shares of NYSE SIG opened at $59.90 on Thursday. The company has a current ratio of 2.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.42 billion, a P/E ratio of 9.20, a PEG ratio of 2.39 and a beta of 0.76. Signet Jewelers Ltd. has a 1 year low of $33.11 and a 1 year high of $77.94.
Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, August 30th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.32. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 earnings per share. On average, research analysts anticipate that Signet Jewelers Ltd. will post 4.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, November 1st. Signet Jewelers’s payout ratio is currently 22.73%.
Signet Jewelers Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.
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