First Trust Advisors LP lifted its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,115 shares of the company’s stock after purchasing an additional 12,646 shares during the quarter. First Trust Advisors LP owned about 0.24% of Signet Jewelers Limited worth $9,458,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of SIG. Dimensional Fund Advisors LP raised its stake in shares of Signet Jewelers Limited by 64.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,106,207 shares of the company’s stock valued at $69,960,000 after purchasing an additional 434,562 shares in the last quarter. FMR LLC grew its holdings in Signet Jewelers Limited by 59.5% during the second quarter. FMR LLC now owns 1,159,117 shares of the company’s stock worth $73,303,000 after acquiring an additional 432,507 shares during the period. Sapience Investments LLC grew its holdings in Signet Jewelers Limited by 4,383.9% during the second quarter. Sapience Investments LLC now owns 428,210 shares of the company’s stock worth $27,080,000 after acquiring an additional 418,660 shares during the period. Wells Fargo & Company MN grew 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 acquiring an additional 399,070 shares during the period. Finally, ARGA Investment Management LP grew its holdings in Signet Jewelers Limited by 7,204.6% during the second quarter. ARGA Investment Management LP now owns 394,449 shares of the company’s stock worth $24,945,000 after acquiring an additional 389,049 shares during the period.
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SIG has been the topic of a number of research analyst reports. Zacks Investment Research raised Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, September 4th. Nomura set a $70.00 target price on Signet Jewelers Limited and gave the stock a “buy” rating in a report on Tuesday, July 18th. Instinet reissued a “buy” rating and issued a $73.00 price target (up previously from $70.00) on shares of Signet Jewelers Limited in a research note on Monday, August 28th. ValuEngine cut Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Cowen and Company reissued a “market perform” rating and issued a $67.00 price target (up previously from $61.00) on shares of Signet Jewelers Limited in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $70.25.
Signet Jewelers Limited (SIG) opened at $70.81 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.40 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4,281.17, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. Signet Jewelers Limited has a 1 year low of $46.09 and a 1 year high of $101.46.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. Signet Jewelers Limited’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. equities analysts anticipate that Signet Jewelers Limited will post 7.14 earnings per share for the current year.
The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio is presently 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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