Dynamic Technology Lab Private Ltd bought a new position in shares of Signet Jewelers Ltd. (NYSE:SIG) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,131 shares of the company’s stock, valued at approximately $547,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SIG. PNC Financial Services Group Inc. boosted its holdings in Signet Jewelers by 51.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,278 shares of the company’s stock worth $62,000 after buying an additional 778 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Signet Jewelers by 459.1% during the fourth quarter. Westside Investment Management Inc. now owns 3,075 shares of the company’s stock worth $98,000 after buying an additional 2,525 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Signet Jewelers by 60.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,700 shares of the company’s stock valued at $100,000 after purchasing an additional 1,400 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Signet Jewelers during the 1st quarter valued at about $115,000. Finally, Juncture Wealth Strategies LLC bought a new position in shares of Signet Jewelers during the 1st quarter valued at about $209,000.
SIG has been the topic of several recent analyst reports. Zacks Investment Research upgraded Signet Jewelers from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 20th. Needham & Company LLC reiterated a “hold” rating on shares of Signet Jewelers in a report on Thursday, April 4th. Telsey Advisory Group reiterated a “market perform” rating and set a $22.00 price objective (down previously from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd. Bank of America cut their price objective on Signet Jewelers from $30.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Finally, Nomura cut their price objective on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Signet Jewelers has an average rating of “Hold” and an average price target of $34.54.
NYSE SIG opened at $19.81 on Wednesday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 5.33, a PEG ratio of 0.99 and a beta of 1.04. The company has a current ratio of 2.07, a quick ratio of 0.31 and a debt-to-equity ratio of 1.92. Signet Jewelers Ltd. has a 52 week low of $17.69 and a 52 week high of $71.07.
Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, June 6th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.32. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Signet Jewelers had a positive return on equity of 16.90% and a negative net margin of 2.76%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. As a group, equities analysts expect that Signet Jewelers Ltd. will post 3.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 7.47%. The ex-dividend date is Thursday, August 1st. Signet Jewelers’s payout ratio is 39.78%.
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Signet Jewelers Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.
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