Grace & White Inc. NY boosted its stake in Signet Jewelers Ltd. (NYSE:SIG) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,970 shares of the company’s stock after buying an additional 4,650 shares during the quarter. Signet Jewelers makes up about 1.4% of Grace & White Inc. NY’s investment portfolio, making the stock its 24th largest position. Grace & White Inc. NY owned 0.20% of Signet Jewelers worth $6,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in Signet Jewelers by 19.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after buying an additional 335 shares in the last quarter. Monroe Bank & Trust MI bought a new position in Signet Jewelers in the 3rd quarter valued at $179,000. GSA Capital Partners LLP bought a new position in Signet Jewelers in the 3rd quarter valued at $202,000. Pitcairn Co. bought a new position in Signet Jewelers in the 3rd quarter valued at $203,000. Finally, Paragon Capital Management Ltd bought a new position in Signet Jewelers in the 4th quarter valued at $210,000.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Signet Jewelers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada dropped their target price on Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, November 22nd. Wells Fargo & Co downgraded Signet Jewelers from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $75.00 to $60.00 in a research report on Tuesday, November 21st. Telsey Advisory Group dropped their price objective on Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, November 22nd. Finally, Susquehanna Bancshares initiated coverage on Signet Jewelers in a report on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $64.67.
Signet Jewelers Ltd. (NYSE SIG) traded up $1.10 on Wednesday, reaching $50.10. The company had a trading volume of 214,598 shares, compared to its average volume of 2,132,172. Signet Jewelers Ltd. has a fifty-two week low of $46.09 and a fifty-two week high of $77.94. The company has a market capitalization of $2,934.42, a price-to-earnings ratio of 8.24, a PEG ratio of 0.98 and a beta of 0.71. The company has a quick ratio of 0.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.33.
Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, November 21st. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. equities research analysts anticipate that Signet Jewelers Ltd. will post 6.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be paid a $0.31 dividend. The ex-dividend date is Thursday, February 1st. This represents a $1.24 annualized dividend and a yield of 2.48%. Signet Jewelers’s dividend payout ratio is 20.39%.
In other Signet Jewelers news, insider Oded Edelman acquired 90,398 shares of the company’s stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the completion of the purchase, the insider now directly owns 33,962 shares of the company’s stock, valued at $1,878,438.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.52% of the stock is owned by corporate insiders.
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Signet Jewelers Company 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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