Monarch Partners Asset Management LLC raised its stake in Signet Jewelers Ltd. (NYSE:SIG) by 11.2% during the second quarter, Holdings Channel reports. The institutional investor owned 115,879 shares of the company’s stock after buying an additional 11,702 shares during the period. Monarch Partners Asset Management LLC’s holdings in Signet Jewelers were worth $9,550,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Royce & Associates LP purchased a new stake in shares of Signet Jewelers during the first quarter worth approximately $4,474,000. Landscape Capital Management L.L.C. bought a new position in shares of Signet Jewelers during the first quarter valued at $242,000. TimesSquare Capital Management LLC bought a new position in shares of Signet Jewelers during the first quarter valued at $68,564,000. JPMorgan Chase & Co. raised its position in shares of Signet Jewelers by 21.3% in the first quarter. JPMorgan Chase & Co. now owns 174,623 shares of the company’s stock valued at $21,659,000 after buying an additional 30,647 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Signet Jewelers by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,049,603 shares of the company’s stock valued at $254,212,000 after buying an additional 54,523 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.
Signet Jewelers Ltd. (NYSE:SIG) traded up 1.60% on Monday, hitting $75.72. 1,119,067 shares of the stock were exchanged. The company has a 50-day moving average of $81.82 and a 200-day moving average of $94.89. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 11.54 and a beta of 1.47. Signet Jewelers Ltd. has a 12 month low of $72.65 and a 12 month high of $152.27.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.45 by $0.31. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $1.28 EPS. The company’s revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers Ltd. will post $7.30 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, October 26th. This represents a $1.04 annualized dividend and a yield of 1.37%. Signet Jewelers’s dividend payout ratio (DPR) is presently 15.90%.
Several brokerages have recently weighed in on SIG. Credit Agricole SA began coverage on shares of Signet Jewelers in a report on Wednesday, September 28th. They set an “outperform” rating and a $87.00 price objective on the stock. TheStreet lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday, September 22nd. Bank of America Corp. reiterated a “buy” rating and set a $110.00 price objective on shares of Signet Jewelers in a report on Tuesday, September 13th. Cowen and Company lowered shares of Signet Jewelers from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $96.00 to $85.00 in a report on Tuesday, September 13th. Finally, Vetr upgraded shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating and set a $91.00 price objective on the stock in a report on Monday, September 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $107.56.
In other news, Director Thomas G. Plaskett bought 300 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was acquired at an average cost of $88.88 per share, with a total value of $26,664.00. Following the completion of the acquisition, the director now owns 16,407 shares of the company’s stock, valued at $1,458,254.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sebastian Hobbs bought 500 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was purchased at an average cost of $91.72 per share, with a total value of $45,860.00. Following the completion of the acquisition, the director now directly owns 8,684 shares of the company’s stock, valued at approximately $796,496.48. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company 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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