Invictus RG Invests $288,000 in Signet Jewelers Limited (NYSE:SIG)

Invictus RG bought a new stake in Signet Jewelers Limited (NYSE:SIG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,164 shares of the company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Nordea Investment Management AB raised its position in Signet Jewelers Limited by 2.5% in 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. State Treasurer State of Michigan raised its position in Signet Jewelers Limited by 0.4% in the first quarter. State Treasurer State of Michigan now owns 22,844 shares of the company’s stock worth $1,582,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC raised its position in Signet Jewelers Limited by 1.1% in the first quarter. Mason Street Advisors LLC now owns 9,618 shares of the company’s stock worth $666,000 after buying an additional 100 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Signet Jewelers Limited by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,788 shares of the company’s stock worth $449,000 after buying an additional 101 shares during the last quarter. Finally, Morris Capital Advisors LLC raised its position in Signet Jewelers Limited by 5.9% in the first quarter. Morris Capital Advisors LLC now owns 3,815 shares of the company’s stock worth $264,000 after buying an additional 213 shares during the last quarter.

Shares of Signet Jewelers Limited (NYSE SIG) traded up 0.76% during trading on Friday, hitting $62.04. 1,294,598 shares of the stock were exchanged. The company has a market cap of $4.24 billion, a P/E ratio of 9.86 and a beta of 1.01. The firm’s 50-day moving average is $57.48 and its 200 day moving average is $70.72. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46.

Signet Jewelers Limited (NYSE:SIG) last announced its earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by $0.63. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities analysts forecast that Signet Jewelers Limited will post $6.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 26th. This represents a $1.24 annualized dividend and a dividend yield of 2.00%. Signet Jewelers Limited’s payout ratio is 19.97%.

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A number of brokerages have recently weighed in on SIG. Northcoast Research reaffirmed a “hold” rating on shares of Signet Jewelers Limited in a research note on Saturday, March 11th. Instinet reiterated a “buy” rating and issued a $70.00 target price on shares of Signet Jewelers Limited in a report on Wednesday, June 21st. Cowen and Company reiterated a “market perform” rating and issued a $54.00 target price (down from $65.00) on shares of Signet Jewelers Limited in a report on Sunday, May 28th. BidaskClub upgraded shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Bank of America Corporation restated a “buy” rating and set a $75.00 price target on shares of Signet Jewelers Limited in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $79.75.

In related news, Director H. Todd Stitzer bought 2,090 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was acquired at an average price of $47.91 per share, for a total transaction of $100,131.90. Following the purchase, the director now directly owns 16,823 shares in the company, valued at $805,989.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Signet Jewelers Limited (NYSE:SIG)

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