State Street Corp raised its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,365,495 shares of the company’s stock after buying an additional 69,756 shares during the quarter. State Street Corp owned about 4.92% of Signet Jewelers Limited worth $212,841,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. lifted its stake in Signet Jewelers Limited by 3,088.1% in the 1st quarter. BlackRock Inc. now owns 4,143,731 shares of the company’s stock valued at $287,037,000 after acquiring an additional 4,013,758 shares in the last quarter. Causeway Capital Management LLC lifted its stake 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 acquiring an additional 927,355 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Signet Jewelers Limited by 173.4% during the 1st quarter. Clearbridge Investments LLC now owns 1,295,909 shares of the company’s stock worth $89,768,000 after purchasing an additional 821,914 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Signet Jewelers Limited by 64.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,106,207 shares of the company’s stock worth $69,960,000 after purchasing an additional 434,562 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Signet Jewelers Limited by 59.5% during the 2nd quarter. FMR LLC now owns 1,159,117 shares of the company’s stock worth $73,303,000 after purchasing an additional 432,507 shares in the last quarter.
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SIG has been the topic of a number of analyst reports. Zacks Investment Research upgraded Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Monday, September 4th. Wells Fargo & Company set a $97.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Wednesday, August 23rd. ValuEngine upgraded Signet Jewelers Limited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada set a $66.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Buckingham Research restated a “neutral” rating and issued a $51.00 price target on shares of Signet Jewelers Limited in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $70.93.
Signet Jewelers Limited (SIG) traded down 1.53% during mid-day trading on Friday, reaching $64.83. The company had a trading volume of 78,380 shares. The stock has a market capitalization of $3.92 billion, a P/E ratio of 9.76 and a beta of 0.98. 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 $65.57 and a 200-day moving average price of $61.63.
Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share 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 the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that Signet Jewelers Limited will post $7.00 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is 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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