O Shaughnessy Asset Management LLC decreased its position in shares of Signet Jewelers (NYSE:SIG) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,203 shares of the company’s stock after selling 14,761 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.14% of Signet Jewelers worth $3,128,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Clearbridge Investments LLC lifted its holdings in Signet Jewelers by 17.8% during the 4th quarter. Clearbridge Investments LLC now owns 1,540,998 shares of the company’s stock worth $87,143,000 after buying an additional 233,282 shares during the period. Discovery Capital Management LLC CT acquired a new position in Signet Jewelers during the 4th quarter worth about $77,095,000. Alliancebernstein L.P. lifted its holdings in Signet Jewelers by 1,105.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,302,225 shares of the company’s stock worth $73,641,000 after buying an additional 1,194,187 shares during the period. Guggenheim Capital LLC lifted its holdings in Signet Jewelers by 86.4% during the 4th quarter. Guggenheim Capital LLC now owns 906,766 shares of the company’s stock worth $51,277,000 after buying an additional 420,413 shares during the period. Finally, Schroder Investment Management Group acquired a new position in Signet Jewelers during the 4th quarter worth about $47,013,000.
Shares of Signet Jewelers opened at $38.17 on Wednesday, Marketbeat Ratings reports. Signet Jewelers has a one year low of $37.73 and a one year high of $38.75. The stock has a market capitalization of $2.25 billion, a P/E ratio of 5.61, a PEG ratio of 1.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.32 and a quick ratio of 1.12.
Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, March 14th. The company reported $4.28 EPS for the quarter, beating 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company posted $4.03 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. analysts expect that Signet Jewelers will post 3.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be issued a dividend of $0.37 per share. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.31. This represents a $1.48 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, May 3rd. Signet Jewelers’s payout ratio is currently 22.73%.
Several brokerages have commented on SIG. ValuEngine downgraded Signet Jewelers from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $40.00 target price (down from $44.00) on shares of Signet Jewelers in a report on Tuesday, April 3rd. Susquehanna Bancshares set a $35.00 target price on Signet Jewelers and gave the stock a “hold” rating in a report on Thursday, March 15th. Cowen set a $40.00 price objective on Signet Jewelers and gave the stock a “hold” rating in a research report on Thursday, March 15th. Finally, Bank of America lowered Signet Jewelers from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $52.45.
In related news, CEO Virginia Drosos acquired 4,830 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was purchased at an average cost of $38.73 per share, with a total value of $187,065.90. Following the acquisition, the chief executive officer now owns 116,682 shares of the company’s stock, valued at approximately $4,519,093.86. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.
Signet Jewelers Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, 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, as well as JamesAllen.com, an online jewelry retailer Website.
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