Cigna Investments Inc. New acquired a new stake in Signet Jewelers (NYSE:SIG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,701 shares of the company’s stock, valued at approximately $1,298,000. Cigna Investments Inc. New owned approximately 0.06% of Signet Jewelers at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Signet Jewelers by 53.9% during the first quarter. BlackRock Inc. now owns 5,390,830 shares of the company’s stock valued at $207,656,000 after purchasing an additional 1,888,931 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Signet Jewelers by 17.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,540,998 shares of the company’s stock valued at $87,143,000 after purchasing an additional 233,282 shares in the last quarter. Discovery Capital Management LLC CT bought a new position in shares of Signet Jewelers during the fourth quarter valued at about $77,095,000. Alliancebernstein L.P. lifted its position in shares of Signet Jewelers by 1,105.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,302,225 shares of the company’s stock valued at $73,641,000 after purchasing an additional 1,194,187 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Signet Jewelers by 86.4% during the fourth quarter. Guggenheim Capital LLC now owns 906,766 shares of the company’s stock valued at $51,277,000 after purchasing an additional 420,413 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on SIG. Zacks Investment Research raised shares of Signet Jewelers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. JPMorgan Chase reissued a “hold” rating and set a $52.00 price target on shares of Signet Jewelers in a research report on Monday, March 12th. Royal Bank of Canada set a $38.00 price target on shares of Signet Jewelers and gave the company a “hold” rating in a research report on Thursday, March 15th. Finally, Needham & Company LLC lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating and set a $74.00 price target on the stock. in a research report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $52.45.
Signet Jewelers opened at $39.89 on Tuesday, according to Marketbeat. Signet Jewelers has a 52-week low of $33.11 and a 52-week high of $77.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.32 and a quick ratio of 1.12. The stock has a market cap of $2.33 billion, a P/E ratio of 6.13, a P/E/G ratio of 1.24 and a beta of 0.84.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 14th. The company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.02. Signet Jewelers had a net margin of 8.30% and a return on equity of 20.34%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company posted $4.03 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts anticipate that Signet Jewelers will post 3.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 4th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, May 3rd. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.31. Signet Jewelers’s dividend payout ratio (DPR) is 22.73%.
In related news, CEO Virginia Drosos acquired 8,980 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The stock was acquired at an average price of $38.96 per share, for a total transaction of $349,860.80. Following the completion of the acquisition, the chief executive officer now owns 116,682 shares of the company’s stock, valued at approximately $4,545,930.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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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