Signet Jewelers Limited (SIG) Stake Lowered by Royce & Associates LP

Royce & Associates LP lessened its stake in Signet Jewelers Limited (NYSE:SIG) by 83.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,500 shares of the company’s stock after selling 27,923 shares during the quarter. Royce & Associates LP’s holdings in Signet Jewelers Limited were worth $348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its holdings in shares of Signet Jewelers Limited by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,060 shares of the company’s stock valued at $446,000 after buying an additional 19 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Signet Jewelers Limited by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock valued at $525,000 after buying an additional 46 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Signet Jewelers Limited by 2.5% in the 1st quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock valued at $187,000 after buying an additional 65 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Signet Jewelers Limited by 1.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock valued at $329,000 after buying an additional 91 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in shares of Signet Jewelers Limited by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 9,618 shares of the company’s stock valued at $666,000 after buying an additional 100 shares during the last quarter.

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

Signet Jewelers Limited (NYSE:SIG) opened at 67.50 on Tuesday. The firm’s 50-day moving average price is $61.03 and its 200 day moving average price is $62.15. The company has a market cap of $4.08 billion, a PE ratio of 10.16 and a beta of 0.99. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46.

Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers Limited will post $7.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 annualized dividend and a yield of 1.84%. Signet Jewelers Limited’s dividend payout ratio is currently 19.14%.

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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.

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

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