Oppenheimer Asset Management Inc. lowered its holdings in Signet Jewelers Ltd. (NYSE:SIG) by 24.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,285 shares of the company’s stock after selling 53,630 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Signet Jewelers were worth $6,559,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Federated Investors Inc. PA raised its position in Signet Jewelers by 239.1% in the first quarter. Federated Investors Inc. PA now owns 58,650 shares of the company’s stock valued at $2,259,000 after purchasing an additional 41,356 shares during the period. BlackRock Inc. raised its position in Signet Jewelers by 53.9% in 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 during the period. KBC Group NV raised its position in Signet Jewelers by 472.6% in the first quarter. KBC Group NV now owns 234,035 shares of the company’s stock valued at $9,015,000 after purchasing an additional 193,162 shares during the period. AT Bancorp purchased a new stake in Signet Jewelers in the first quarter valued at $1,365,000. Finally, Investors Research Corp raised its holdings in shares of Signet Jewelers by 193.9% in the 1st quarter. Investors Research Corp now owns 19,325 shares of the company’s stock valued at $744,000 after buying an additional 12,750 shares during the period. Institutional investors own 96.71% of the company’s stock.
Shares of Signet Jewelers opened at $39.84 on Wednesday, according to MarketBeat Ratings. The company has a current ratio of 3.32, a quick ratio of 1.12 and a debt-to-equity ratio of 0.28. Signet Jewelers Ltd. has a 1-year low of $33.11 and a 1-year high of $77.94. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 6.12, a P/E/G ratio of 1.25 and a beta of 0.84.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Wednesday, March 14th. The company reported $4.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the business earned $4.03 EPS. Signet Jewelers’s revenue was up 1.0% on a year-over-year basis. research analysts expect that Signet Jewelers Ltd. will post 3.97 earnings per share for the current fiscal year.
The business also recently declared 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 an increase from Signet Jewelers’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 3rd. This represents a $1.48 annualized dividend and a yield of 3.71%. Signet Jewelers’s dividend payout ratio is 22.73%.
In related news, CEO Virginia Drosos purchased 4,830 shares of the business’s stock in a transaction on Friday, April 13th. The shares were bought at an average price of $38.73 per share, for a total transaction of $187,065.90. Following the acquisition, the chief executive officer now directly owns 116,682 shares in the company, valued at $4,519,093.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by corporate insiders.
Several research firms recently issued reports on SIG. Zacks Investment Research upgraded Signet Jewelers from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. JPMorgan Chase reiterated a “hold” rating and issued a $52.00 price objective on shares of Signet Jewelers in a report on Monday, March 12th. Royal Bank of Canada set a $38.00 price objective on Signet Jewelers and gave the company a “hold” rating in a report on Thursday, March 15th. Finally, Needham & Company LLC downgraded Signet Jewelers from a “buy” rating to a “hold” rating and set a $74.00 price objective on the stock. in a report on Thursday, March 15th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Signet Jewelers presently has an average rating of “Hold” and a consensus price target of $52.45.
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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