MetLife Investment Advisors LLC increased its holdings in shares of Signet Jewelers Ltd. (NYSE:SIG) by 69.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,016 shares of the company’s stock after buying an additional 26,285 shares during the period. MetLife Investment Advisors LLC owned 0.11% of Signet Jewelers worth $3,569,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new position in shares of Signet Jewelers in the second quarter valued at approximately $112,000. Itau Unibanco Holding S.A. acquired a new position in Signet Jewelers during the second quarter worth $132,000. Trilogy Capital Inc. acquired a new position in Signet Jewelers during the first quarter worth $121,000. St. Johns Investment Management Company LLC acquired a new position in Signet Jewelers during the second quarter worth $193,000. Finally, MUFG Securities EMEA plc acquired a new position in Signet Jewelers during the second quarter worth $206,000. 93.60% of the stock is owned by institutional investors and hedge funds.
Shares of SIG traded down $1.92 during mid-day trading on Friday, reaching $58.03. The company had a trading volume of 1,671,306 shares, compared to its average volume of 2,221,788. Signet Jewelers Ltd. has a 1-year low of $33.11 and a 1-year high of $77.94. The company has a current ratio of 2.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48. The company has a market cap of $3.42 billion, a P/E ratio of 8.91, a PEG ratio of 2.39 and a beta of 0.76.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, August 30th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.32. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company posted $1.33 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts forecast that Signet Jewelers Ltd. will post 4.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 2nd will be paid a $0.37 dividend. The ex-dividend date is Thursday, November 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.55%. Signet Jewelers’s payout ratio is currently 22.73%.
Several analysts have issued reports on SIG shares. Zacks Investment Research raised shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, September 6th. ValuEngine lowered shares of Signet Jewelers from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Citigroup lowered shares of Signet Jewelers from a “neutral” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Tuesday, September 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $69.00 price objective (up from $63.00) on shares of Signet Jewelers in a research report on Friday, August 31st. Finally, Wells Fargo & Co increased their price objective on shares of Signet Jewelers from $50.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.13.
Signet Jewelers Company 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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