Commerzbank Aktiengesellschaft FI raised its stake in Signet Jewelers Ltd. (NYSE:SIG) by 143.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,456 shares of the company’s stock after purchasing an additional 4,985 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Signet Jewelers were worth $478,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SIG. Nationwide Fund Advisors grew its position in shares of Signet Jewelers by 8.2% during the second quarter. Nationwide Fund Advisors now owns 20,595 shares of the company’s stock worth $1,302,000 after acquiring an additional 1,564 shares during the last quarter. Northern Trust Corp grew its position in shares of Signet Jewelers by 0.3% during the second quarter. Northern Trust Corp now owns 739,905 shares of the company’s stock worth $46,791,000 after acquiring an additional 2,083 shares during the last quarter. FMR LLC grew its position in shares of Signet Jewelers 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 last quarter. Dimensional Fund Advisors LP grew its position in shares of Signet Jewelers by 64.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,106,207 shares of the company’s stock worth $69,960,000 after acquiring an additional 434,562 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in shares of Signet Jewelers by 27.6% during the second quarter. Brandywine Global Investment Management LLC now owns 18,135 shares of the company’s stock worth $1,147,000 after acquiring an additional 3,921 shares during the last quarter.
A number of equities analysts recently weighed in on the stock. Susquehanna Bancshares assumed coverage on shares of Signet Jewelers in a research report on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 price objective on the stock. Buckingham Research lifted their price objective on shares of Signet Jewelers from $55.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Wells Fargo & Co lowered shares of Signet Jewelers from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $75.00 to $60.00 in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada lowered their price objective on shares of Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. Signet Jewelers currently has an average rating of “Hold” and a consensus target price of $64.67.
Signet Jewelers Ltd. (SIG) traded up $1.59 during trading on Wednesday, reaching $50.59. The company’s stock had a trading volume of 703,133 shares, compared to its average volume of 2,133,525. Signet Jewelers Ltd. has a 12 month low of $46.09 and a 12 month high of $77.94. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2,934.42, a P/E ratio of 8.24, a P/E/G ratio of 0.98 and a beta of 0.71.
Signet Jewelers (NYSE:SIG) last released its earnings results on Tuesday, November 21st. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Signet Jewelers had a return on equity of 20.76% and a net margin of 7.32%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. equities analysts anticipate that Signet Jewelers Ltd. will post 6.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, February 1st. Signet Jewelers’s dividend payout ratio (DPR) is currently 20.39%.
In other Signet Jewelers news, insider Oded Edelman bought 90,398 shares of Signet Jewelers stock in a transaction on Friday, January 12th. The stock was bought at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the acquisition, the insider now owns 33,962 shares in the company, valued at $1,878,438.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.
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Signet Jewelers 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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