Victory Capital Management Inc. boosted its stake in Signet Jewelers Ltd. (NYSE:SIG) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 6,166 shares of the company’s stock after buying an additional 223 shares during the period. Victory Capital Management Inc.’s holdings in Signet Jewelers were worth $508,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of SIG. IFP Advisors Inc boosted its stake in Signet Jewelers by 2.0% in the first quarter. IFP Advisors Inc now owns 881 shares of the company’s stock valued at $109,000 after buying an additional 17 shares in the last quarter. MU Investments Co. Ltd. purchased a new stake in Signet Jewelers during the second quarter valued at $148,000. FNY Managed Accounts LLC purchased a new stake in Signet Jewelers during the second quarter valued at $181,000. Advisors Asset Management Inc. boosted its stake in Signet Jewelers by 2.0% in the second quarter. Advisors Asset Management Inc. now owns 2,389 shares of the company’s stock valued at $197,000 after buying an additional 46 shares in the last quarter. Finally, Bancorpsouth Inc. purchased a new stake in Signet Jewelers during the first quarter valued at $209,000. 95.28% of the stock is owned by institutional investors and hedge funds.
Shares of Signet Jewelers Ltd. (NYSE:SIG) traded up 1.87% during mid-day trading on Friday, hitting $74.53. 1,315,281 shares of the stock traded hands. The firm’s 50-day moving average is $82.26 and its 200-day moving average is $95.28. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 11.36 and a beta of 1.48. Signet Jewelers Ltd. has a 52 week low of $72.65 and a 52 week high of $152.27.
Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, August 25th. The company reported $1.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by $0.31. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, analysts forecast that Signet Jewelers Ltd. will post $7.30 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Friday, October 28th will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 26th. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. Signet Jewelers’s payout ratio is 15.90%.
Several research firms recently weighed in on SIG. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $102.00 price objective (down previously from $119.00) on shares of Signet Jewelers in a research report on Sunday, August 28th. Royal Bank Of Canada cut their price objective on shares of Signet Jewelers from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, June 28th. Cowen and Company reissued an “outperform” rating and issued a $96.00 target price (down previously from $130.00) on shares of Signet Jewelers in a report on Friday, August 26th. Telsey Advisory Group dropped their target price on shares of Signet Jewelers from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, August 26th. Finally, Vetr cut shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $91.00 target price for the company. in a report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $107.56.
In other news, Director Thomas G. Plaskett bought 300 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was bought at an average price of $88.88 per share, for a total transaction of $26,664.00. Following the transaction, the director now directly owns 16,407 shares of the company’s stock, valued at approximately $1,458,254.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helen Mccluskey bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The stock was purchased at an average price of $89.91 per share, with a total value of $89,910.00. Following the transaction, the director now directly owns 6,197 shares in the company, valued at $557,172.27. The disclosure for this purchase can be found here. 0.36% of the stock is owned by corporate insiders.
About Signet Jewelers
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.
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