Daiwa Securities Group Inc. decreased its position in Signet Jewelers Ltd. (NYSE:SIG) by 79.3% during the second quarter, Holdings Channel reports. The fund owned 1,800 shares of the company’s stock after selling 6,900 shares during the period. Daiwa Securities Group Inc.’s holdings in Signet Jewelers were worth $148,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Skylands Capital LLC bought a new stake in Signet Jewelers during the second quarter worth $3,107,000. Oakbrook Investments LLC acquired a new position in shares of Signet Jewelers during the second quarter worth about $356,000. LS Investment Advisors LLC increased its position in shares of Signet Jewelers by 6.1% in the second quarter. LS Investment Advisors LLC now owns 3,542 shares of the company’s stock worth $292,000 after buying an additional 205 shares during the period. Addison Capital Co acquired a new position in shares of Signet Jewelers during the second quarter worth about $475,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Signet Jewelers during the second quarter worth about $948,000. 95.28% of the stock is owned by institutional investors.
Signet Jewelers Ltd. (NYSE:SIG) traded down 1.79% during midday trading on Friday, hitting $80.07. The stock had a trading volume of 1,324,133 shares. The stock has a market cap of $6.05 billion, a PE ratio of 12.20 and a beta of 1.46. The firm has a 50 day moving average price of $80.44 and a 200 day moving average price of $94.00. Signet Jewelers Ltd. has a one year low of $72.65 and a one year high of $152.27.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, August 25th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ 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 firm 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. Signet Jewelers’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts expect 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. Investors of record on Friday, October 28th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 26th. This represents a $1.04 annualized dividend and a yield of 1.30%. Signet Jewelers’s payout ratio is 15.90%.
A number of equities analysts have recently issued reports on the company. Vetr downgraded Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $86.25 target price for the company. in a research note on Tuesday. Credit Agricole SA assumed coverage on Signet Jewelers in a research note on Wednesday, September 28th. They set an “outperform” rating and a $87.00 target price for the company. TheStreet downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, September 22nd. Bank of America Corp. reissued a “buy” rating and set a $110.00 target price on shares of Signet Jewelers in a research note on Tuesday, September 13th. Finally, Cowen and Company downgraded Signet Jewelers from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $96.00 to $85.00 in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $107.27.
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 shares were purchased at an average price of $88.88 per share, with a total value of $26,664.00. Following the completion of the acquisition, the director now directly owns 16,407 shares in the company, valued at $1,458,254.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sebastian Hobbs bought 500 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The shares were purchased at an average cost of $91.72 per share, for a total transaction of $45,860.00. Following the acquisition, the director now owns 8,684 shares of the company’s stock, valued at $796,496.48. The disclosure for this purchase can be found here. Corporate insiders own 0.36% of the company’s stock.
Signet Jewelers Company Profile
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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