Lingohr & Partner Asset Management GmbH grew its position in Signet Jewelers Limited (NYSE:SIG) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,813 shares of the company’s stock after purchasing an additional 2,160 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Signet Jewelers Limited were worth $1,442,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Segantii Capital Management Ltd purchased a new stake in Signet Jewelers Limited during the first quarter worth about $2,924,000. LFL Advisers LLC increased its holdings in Signet Jewelers Limited by 244.0% during the first quarter. LFL Advisers LLC now owns 128,500 shares of the company’s stock worth $8,901,000 after buying an additional 91,149 shares during the last quarter. BlackRock Inc. increased its holdings in Signet Jewelers Limited by 3,088.1% during the first quarter. BlackRock Inc. now owns 4,143,731 shares of the company’s stock worth $287,037,000 after buying an additional 4,013,758 shares during the last quarter. KBC Group NV increased its holdings in Signet Jewelers Limited by 1,819.3% during the first quarter. KBC Group NV now owns 144,142 shares of the company’s stock worth $9,985,000 after buying an additional 136,632 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Signet Jewelers Limited by 30.7% during the second quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock worth $107,451,000 after buying an additional 399,070 shares during the last quarter.
A number of analysts recently issued reports on SIG shares. Buckingham Research downgraded shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $86.00 to $65.00 in a report on Wednesday, May 24th. Telsey Advisory Group decreased their price objective on shares of Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating for the company in a report on Friday, May 26th. CL King downgraded shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price objective for the company. in a report on Friday, May 26th. Royal Bank Of Canada set a $63.00 price objective on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a report on Friday, May 26th. Finally, Cowen and Company restated a “market perform” rating and set a $54.00 price objective (down previously from $65.00) on shares of Signet Jewelers Limited in a report on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.63.
Shares of Signet Jewelers Limited (NYSE:SIG) traded up 1.26% during trading on Friday, reaching $69.75. 2,703,286 shares of the company’s stock were exchanged. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 10.50 and a beta of 0.99. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $101.46. The stock has a 50-day moving average price of $60.86 and a 200 day moving average price of $62.17.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts forecast that Signet Jewelers Limited will post $7.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s payout ratio is currently 19.14%.
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.
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