Invictus RG purchased a new stake in shares of Signet Jewelers Limited (NYSE:SIG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,164 shares of the company’s stock, valued at approximately $288,000.
Other hedge funds also recently added to or reduced their stakes in the company. Engine Capital Management LLC purchased a new position in shares of Signet Jewelers Limited during the fourth quarter valued at approximately $5,000,000. Ameritas Investment Partners Inc. bought a new position in Signet Jewelers Limited during the first quarter valued at about $115,000. James Investment Research Inc. bought a new position in Signet Jewelers Limited during the first quarter valued at about $133,000. Daiwa Securities Group Inc. raised its position in Signet Jewelers Limited by 16.7% in 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 in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Signet Jewelers Limited during the fourth quarter valued at about $212,000.
Shares of Signet Jewelers Limited (NYSE SIG) traded up 0.68% during mid-day trading on Monday, hitting $60.85. The stock had a trading volume of 1,837,893 shares. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The stock has a market cap of $4.16 billion, a P/E ratio of 9.67 and a beta of 1.03. The firm has a 50 day moving average of $58.66 and a 200-day moving average of $72.93.
Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.63. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.46 billion. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The business’s revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 earnings per share. Equities research analysts expect that Signet Jewelers Limited will post $6.74 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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, July 26th. Signet Jewelers Limited’s dividend payout ratio is presently 19.97%.
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Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price target on Signet Jewelers Limited from $92.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, March 10th. Northcoast Research reaffirmed a “hold” rating on shares of Signet Jewelers Limited in a research report on Saturday, March 11th. Instinet reaffirmed a “buy” rating and issued a $92.00 price target (down previously from $100.00) on shares of Signet Jewelers Limited in a research report on Saturday, March 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $85.00 price target (down previously from $88.00) on shares of Signet Jewelers Limited in a research report on Saturday, March 11th. Finally, Wells Fargo & Company set a $97.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Saturday, March 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.56.
In other news, Director H. Todd Stitzer purchased 2,090 shares of the stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average cost of $47.91 per share, with a total value of $100,131.90. Following the completion of the purchase, the director now directly owns 16,823 shares of the company’s stock, valued at approximately $805,989.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.52% of the company’s stock.
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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