Delta Lloyd Asset Management N.V. bought a new position in shares of Signet Jewelers Limited (NYSE:SIG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,897 shares of the company’s stock, valued at approximately $689,000.
Other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of Signet Jewelers Limited during the first quarter worth approximately $115,000. Daiwa Securities Group Inc. increased its holdings in Signet Jewelers Limited by 16.7% during the first quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock valued at $145,000 after buying an additional 300 shares during the period. FNY Managed Accounts LLC purchased a new position in Signet Jewelers Limited during the first quarter valued at approximately $153,000. Nordea Investment Management AB increased its holdings in Signet Jewelers Limited by 2.5% during the first quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock valued at $187,000 after buying an additional 65 shares during the period. Finally, Soros Fund Management LLC purchased a new position in Signet Jewelers Limited during the first quarter valued at approximately $256,000.
Signet Jewelers Limited (NYSE:SIG) opened at 64.39 on Friday. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 9.69 and a beta of 0.99. The company’s 50-day moving average is $61.20 and its 200-day moving average is $62.17.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 earnings per share. Equities analysts predict that Signet Jewelers Limited will post $7.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.93%. Signet Jewelers Limited’s payout ratio is currently 19.14%.
Several brokerages have weighed in on SIG. Instinet restated a “buy” rating and issued a $70.00 target price on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Cowen and Company reiterated a “market perform” rating and set a $67.00 price objective (up from $61.00) on shares of Signet Jewelers Limited in a research note on Tuesday, September 12th. Needham & Company LLC lifted their price objective on shares of Signet Jewelers Limited from $69.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday. BidaskClub upgraded shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price objective on shares of Signet Jewelers Limited in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Signet Jewelers Limited has a consensus rating of “Hold” and an average target price of $71.94.
Signet Jewelers Limited Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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