LSV Asset Management Buys 510,551 Shares of Signet Jewelers Limited $SIG

LSV Asset Management raised its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 90.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,077,851 shares of the company’s stock after acquiring an additional 510,551 shares during the period. LSV Asset Management owned about 2.65% of Signet Jewelers worth $89,332,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SIG. Richardson Financial Services Inc. bought a new position in Signet Jewelers during the 4th quarter valued at $31,000. Farther Finance Advisors LLC raised its stake in shares of Signet Jewelers by 48.6% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Signet Jewelers by 171.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after purchasing an additional 428 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Signet Jewelers during the 3rd quarter worth $64,000. Finally, State of Wyoming bought a new stake in shares of Signet Jewelers during the 2nd quarter worth $69,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Wells Fargo & Company lifted their target price on Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, March 20th. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada upgraded Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.38.

Signet Jewelers Stock Performance

Shares of SIG opened at $81.71 on Friday. The business has a 50-day moving average of $86.31 and a 200 day moving average of $90.28. Signet Jewelers Limited has a fifty-two week low of $62.08 and a fifty-two week high of $110.20. The firm has a market cap of $3.27 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, March 19th. The company reported $6.25 earnings per share 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 last year, the firm posted $6.62 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts predict that Signet Jewelers Limited will post 10.3 earnings per share for the current fiscal year.

Signet Jewelers Increases Dividend

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

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.