Flinton Capital Management LLC trimmed its position in Signet Jewelers (NYSE:SIG) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,560 shares of the company’s stock after selling 42,500 shares during the quarter. Flinton Capital Management LLC owned 0.10% of Signet Jewelers worth $3,538,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SIG. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at about $109,000. Delpha Capital Management LLC acquired a new position in shares of Signet Jewelers in the 4th quarter worth approximately $113,000. First Mercantile Trust Co. acquired a new position in shares of Signet Jewelers in the 4th quarter worth approximately $157,000. Monroe Bank & Trust MI acquired a new position in shares of Signet Jewelers in the 3rd quarter worth approximately $179,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Signet Jewelers in the 3rd quarter worth approximately $202,000.
In other Signet Jewelers news, insider Oded Edelman acquired 90,398 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the transaction, the insider now owns 33,962 shares of the company’s stock, valued at $1,878,438.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is currently owned by insiders.
SIG opened at $37.43 on Friday. The firm has a market cap of $2,268.75, a P/E ratio of 5.52, a PEG ratio of 1.18 and a beta of 0.84. Signet Jewelers has a 1 year low of $33.11 and a 1 year high of $77.94. The company has a quick ratio of 1.12, a current ratio of 3.32 and a debt-to-equity ratio of 0.28.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Wednesday, March 14th. The company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.02. Signet Jewelers had a return on equity of 20.34% and a net margin of 8.30%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the firm earned $4.03 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. analysts predict that Signet Jewelers will post 3.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 4th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, May 3rd. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.31. Signet Jewelers’s payout ratio is currently 19.05%.
Several analysts recently issued reports on SIG shares. Royal Bank of Canada downgraded Signet Jewelers from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $60.00 to $55.00 in a report on Friday, January 12th. Zacks Investment Research downgraded Signet Jewelers from a “hold” rating to a “strong sell” rating in a report on Friday, February 2nd. ValuEngine downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Vetr downgraded Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 target price on the stock. in a research note on Monday, December 11th. Finally, JPMorgan Chase reaffirmed a “hold” rating and set a $52.00 target price on shares of Signet Jewelers in a research note on Monday, March 12th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Signet Jewelers has an average rating of “Hold” and an average price target of $52.65.
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Signet Jewelers Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands.
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