Public Sector Pension investment Board trimmed its position in Signet Jewelers Limited (NYSE:SIG) by 50.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,600 shares of the company’s stock after selling 7,800 shares during the period. Public Sector Pension investment Board’s holdings in Signet Jewelers Limited were worth $481,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Signet Jewelers Limited by 6.6% in the 2nd quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock valued at $279,313,000 after purchasing an additional 272,979 shares in the last quarter. Abrams Bison Investments LLC lifted its holdings in Signet Jewelers Limited by 1.5% in the 1st quarter. Abrams Bison Investments LLC now owns 4,015,847 shares of the company’s stock valued at $278,178,000 after purchasing an additional 60,847 shares in the last quarter. State Street Corp lifted its holdings in Signet Jewelers Limited by 8.3% in the 1st quarter. State Street Corp now owns 3,295,739 shares of the company’s stock valued at $228,316,000 after purchasing an additional 251,763 shares in the last quarter. Causeway Capital Management LLC lifted its holdings in Signet Jewelers Limited by 61.3% in the 1st quarter. Causeway Capital Management LLC now owns 2,439,144 shares of the company’s stock valued at $194,106,000 after purchasing an additional 927,355 shares in the last quarter. Finally, Investec Asset Management LTD lifted its holdings in Signet Jewelers Limited by 14.1% in the 2nd quarter. Investec Asset Management LTD now owns 1,902,829 shares of the company’s stock valued at $120,335,000 after purchasing an additional 235,207 shares in the last quarter.
A number of research analysts have issued reports on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $66.00 target price on shares of Signet Jewelers Limited in a report on Thursday, October 5th. ValuEngine upgraded shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Northcoast Research restated a “neutral” rating on shares of Signet Jewelers Limited in a report on Friday, September 29th. Needham & Company LLC upped their target price on shares of Signet Jewelers Limited from $69.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, September 20th. Finally, Cowen and Company restated a “market perform” rating and issued a $67.00 target price (up from $61.00) on shares of Signet Jewelers Limited in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Signet Jewelers Limited presently has a consensus rating of “Hold” and a consensus target price of $70.93.
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Signet Jewelers Limited (SIG) opened at 66.45 on Wednesday. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46. The stock’s 50 day moving average is $64.94 and its 200-day moving average is $62.02. The firm has a market cap of $4.02 billion, a P/E ratio of 10.00 and a beta of 0.98.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping 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 analyst estimates of $1.33 billion. During the same period last year, the company posted $1.14 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts forecast that Signet Jewelers Limited will post $7.02 EPS for the current 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 dividend of $0.31 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.87%. Signet Jewelers Limited’s payout ratio is presently 19.14%.
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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