LSV Asset Management Increases Stake in Signet Jewelers Limited $SIG

LSV Asset Management increased its position in Signet Jewelers Limited (NYSE:SIG) by 90.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,077,851 shares of the company’s stock after acquiring an additional 510,551 shares during the quarter. LSV Asset Management’s holdings in Signet Jewelers were worth $89,332,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its holdings in Signet Jewelers by 1.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,318 shares of the company’s stock valued at $1,182,000 after buying an additional 124 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Signet Jewelers by 48.6% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 124 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Signet Jewelers by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 20,844 shares of the company’s stock valued at $1,727,000 after buying an additional 138 shares in the last quarter. Amundi grew its holdings in Signet Jewelers by 1.9% during the 3rd quarter. Amundi now owns 7,358 shares of the company’s stock valued at $689,000 after buying an additional 140 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Signet Jewelers by 2.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,995 shares of the company’s stock valued at $562,000 after buying an additional 150 shares in the last quarter.

Signet Jewelers Trading Up 0.4%

Shares of NYSE SIG opened at $81.71 on Friday. Signet Jewelers Limited has a 12 month low of $62.08 and a 12 month high of $110.20. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.94 and a beta of 1.20. The business has a 50-day moving average of $86.31 and a 200-day moving average of $90.28.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, March 19th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $6.11 by $0.14. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the firm earned $6.62 earnings per share. Signet Jewelers’s revenue was down .3% on a year-over-year basis. On average, analysts predict that Signet Jewelers Limited will post 10.3 earnings per share for the current year.

Signet Jewelers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, April 24th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. Signet Jewelers’s payout ratio is presently 17.95%.

Analyst Ratings Changes

A number of research analysts have weighed in on SIG shares. UBS Group reduced their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a report on Thursday, March 19th. Finally, Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers has an average rating of “Moderate Buy” and a consensus price target of $115.38.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.