Legal & General Group Plc reduced its stake in Signet Jewelers Ltd. (NYSE:SIG) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,301 shares of the company’s stock after selling 10,562 shares during the period. Legal & General Group Plc owned approximately 0.40% of Signet Jewelers worth $38,976,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC raised its position in shares of Signet Jewelers by 6.4% in the fourth quarter. ProShare Advisors LLC now owns 11,602 shares of the company’s stock worth $1,435,000 after buying an additional 698 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Signet Jewelers by 24.2% in the fourth quarter. OppenheimerFunds Inc. now owns 89,369 shares of the company’s stock worth $11,049,000 after buying an additional 17,389 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Signet Jewelers by 5.1% in the fourth quarter. Brown Advisory Inc. now owns 20,597 shares of the company’s stock worth $2,547,000 after buying an additional 1,005 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Signet Jewelers by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,655,338 shares of the company’s stock worth $823,199,000 after buying an additional 138,850 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Signet Jewelers during the fourth quarter worth approximately $2,154,000.
Signet Jewelers Ltd. (NYSE:SIG) traded down 0.34% during trading on Thursday, hitting $86.92. The company had a trading volume of 1,463,805 shares. The company has a market capitalization of $6.78 billion and a price-to-earnings ratio of 13.89. The stock has a 50-day moving average of $86.10 and a 200 day moving average of $104.21. Signet Jewelers Ltd. has a one year low of $77.00 and a one year high of $152.27.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, July 29th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, July 27th.
A number of research analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on Signet Jewelers from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Signet Jewelers in a report on Thursday, May 12th. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Friday, May 27th. Telsey Advisory Group lowered their price objective on Signet Jewelers from $165.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, May 27th. Finally, Nomura reissued a “buy” rating and set a $148.00 price objective on shares of Signet Jewelers in a report on Thursday, June 9th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Signet Jewelers has a consensus rating of “Buy” and a consensus target price of $135.85.
In other Signet Jewelers news, Director Thomas G. Plaskett purchased 300 shares of the stock in a transaction on Friday, July 22nd. The shares were purchased at an average price of $88.88 per share, with a total value of $26,664.00. Following the completion of the transaction, the director now directly owns 16,407 shares in the company, valued at $1,458,254.16. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Virginia Drosos purchased 1,135 shares of the stock in a transaction on Friday, June 10th. The shares were acquired at an average cost of $88.23 per share, for a total transaction of $100,141.05. Following the transaction, the director now owns 7,221 shares of the company’s stock, valued at $637,108.83. The disclosure for this purchase can be found here.
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
