Universal Beteiligungs und Servicegesellschaft mbH increased its position in Signet Jewelers Limited (NYSE:SIG – Free Report) by 149.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,882 shares of the company’s stock after buying an additional 20,282 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Signet Jewelers were worth $3,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of SIG. American Century Companies Inc. lifted its holdings in shares of Signet Jewelers by 5.2% in the 2nd quarter. American Century Companies Inc. now owns 1,417,862 shares of the company’s stock worth $112,791,000 after acquiring an additional 70,516 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Signet Jewelers by 321.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company’s stock worth $68,554,000 after purchasing an additional 657,444 shares during the period. Goldman Sachs Group Inc. lifted its stake in Signet Jewelers by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after purchasing an additional 213,365 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in Signet Jewelers during the second quarter valued at about $56,537,000. Finally, Divisadero Street Capital Management LP bought a new position in shares of Signet Jewelers during the second quarter valued at about $50,342,000.
Signet Jewelers Stock Up 1.4%
Shares of Signet Jewelers stock opened at $91.82 on Thursday. The business has a 50 day moving average of $89.64 and a 200 day moving average of $90.86. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $110.20. The company has a market cap of $3.74 billion, a PE ratio of 27.41, a P/E/G ratio of 1.11 and a beta of 1.18.
Signet Jewelers Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 23rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, January 23rd. Signet Jewelers’s dividend payout ratio is presently 38.21%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SIG. Zacks Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. UBS Group reiterated a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. The Goldman Sachs Group raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Wells Fargo & Company lowered their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Finally, Stephens began coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $109.67.
Check Out Our Latest Research Report on SIG
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.
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