Investec Asset Management LTD raised its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,902,829 shares of the company’s stock after purchasing an additional 235,207 shares during the quarter. Investec Asset Management LTD owned 2.78% of Signet Jewelers Limited worth $120,335,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of SIG. Janney Montgomery Scott LLC increased its holdings in shares of Signet Jewelers Limited by 62.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,143 shares of the company’s stock worth $356,000 after purchasing an additional 1,978 shares during the period. Russell Investments Group Ltd. increased its stake in Signet Jewelers Limited by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 64,114 shares of the company’s stock valued at $4,449,000 after acquiring an additional 11,229 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Signet Jewelers Limited by 123.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,898 shares of the company’s stock valued at $426,000 after acquiring an additional 3,257 shares during the period. Daiwa Securities Group Inc. increased its stake in Signet Jewelers Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock valued at $145,000 after acquiring an additional 300 shares during the period. Finally, US Bancorp DE increased its stake in Signet Jewelers Limited by 140.1% in the first quarter. US Bancorp DE now owns 13,112 shares of the company’s stock valued at $908,000 after acquiring an additional 7,651 shares during the period.
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Shares of Signet Jewelers Limited (NYSE:SIG) traded up 1.26% during mid-day trading on Friday, reaching $69.75. 2,703,286 shares of the company’s stock traded hands. The stock has a market cap of $4.22 billion, a PE ratio of 10.50 and a beta of 0.99. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $101.46. The firm has a 50 day moving average price of $60.86 and a 200-day moving average price of $62.17.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.23. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. On average, analysts predict that Signet Jewelers Limited will post $7.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 19.14%.
A number of research firms recently weighed in on SIG. BidaskClub cut shares of Signet Jewelers Limited from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Bank of America Corporation reissued a “buy” rating and issued a $75.00 target price (down previously from $90.00) on shares of Signet Jewelers Limited in a research note on Sunday, May 28th. Telsey Advisory Group lowered their target price on shares of Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating on the stock in a research note on Friday, May 26th. Needham & Company LLC set a $69.00 target price on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research note on Saturday, August 19th. Finally, Instinet reissued a “buy” rating and issued a $73.00 target price (up previously from $70.00) on shares of Signet Jewelers Limited in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $71.63.
Signet Jewelers Limited Company 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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