Signet Jewelers Limited $SIG Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its position in shares of Signet Jewelers Limited (NYSE:SIG) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,845 shares of the company’s stock after selling 9,714 shares during the quarter. Nordea Investment Management AB owned approximately 0.36% of Signet Jewelers worth $12,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Signet Jewelers by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,346,165 shares of the company’s stock worth $225,046,000 after acquiring an additional 43,925 shares during the period. American Century Companies Inc. grew its position in shares of Signet Jewelers by 12.3% during the 3rd quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock valued at $152,775,000 after acquiring an additional 174,873 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Signet Jewelers by 9.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock valued at $90,613,000 after purchasing an additional 82,899 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock valued at $49,333,000 after purchasing an additional 213,365 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new position in Signet Jewelers in the 2nd quarter worth about $56,537,000.

Analyst Ratings Changes

Several brokerages have commented on SIG. Telsey Advisory Group reissued a “market perform” rating and issued a $96.00 price objective on shares of Signet Jewelers in a report on Thursday, March 19th. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. UBS Group lifted their price target on shares of Signet Jewelers from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Friday, March 20th. The Goldman Sachs Group raised shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

Signet Jewelers Price Performance

NYSE SIG opened at $88.72 on Wednesday. The stock’s 50 day simple moving average is $92.06 and its 200-day simple moving average is $93.43. The company has a market cap of $3.61 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25. Signet Jewelers Limited has a 1-year low of $49.99 and a 1-year high of $110.20.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, March 19th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $6.11 by $0.14. The firm had revenue of ($4,468.50) million during the quarter, compared to analysts’ expectations of $2.33 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $6.62 earnings per share. On average, equities research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 24th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Signet Jewelers’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, April 24th. Signet Jewelers’s dividend payout ratio (DPR) is currently 17.95%.

Signet Jewelers Profile

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.