Bessemer Group Inc. boosted its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 10.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,454 shares of the company’s stock after buying an additional 2,922 shares during the period. Bessemer Group Inc.’s holdings in Signet Jewelers Limited were worth $1,989,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Carleon Capital Partners LLC increased its position in shares of Signet Jewelers Limited by 9.6% in the second quarter. Carleon Capital Partners LLC now owns 20,312 shares of the company’s stock valued at $1,294,000 after buying an additional 1,772 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Signet Jewelers Limited by 43.1% in the second quarter. Janney Montgomery Scott LLC now owns 7,361 shares of the company’s stock valued at $466,000 after buying an additional 2,218 shares in the last quarter. Parkwood LLC purchased a new position in shares of Signet Jewelers Limited during the second quarter valued at $349,000. ING Groep NV purchased a new position in shares of Signet Jewelers Limited during the second quarter valued at $240,000. Finally, Russell Investments Group Ltd. increased its position in shares of Signet Jewelers Limited by 50.4% in the second quarter. Russell Investments Group Ltd. now owns 96,444 shares of the company’s stock valued at $6,110,000 after buying an additional 32,330 shares in the last quarter.
Shares of Signet Jewelers Limited (SIG) opened at 55.65 on Friday. The company has a 50-day moving average of $60.53 and a 200 day moving average of $64.82. The company has a market cap of $3.81 billion, a PE ratio of 8.84 and a beta of 1.00. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $101.46.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, May 25th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.95 EPS. On average, analysts anticipate that Signet Jewelers Limited will post $6.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Friday, July 28th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $1.24 dividend on an annualized basis and a yield of 2.23%. Signet Jewelers Limited’s payout ratio is currently 19.97%.
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Several brokerages have weighed in on SIG. Zacks Investment Research raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Needham & Company LLC began coverage on shares of Signet Jewelers Limited in a report on Tuesday, July 18th. They set a “buy” rating and a $69.00 price target on the stock. Nomura set a $70.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Signet Jewelers Limited in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Signet Jewelers Limited currently has an average rating of “Hold” and an average price target of $77.35.
In other news, Director H. Todd Stitzer acquired 2,090 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average price of $47.91 per share, for a total transaction of $100,131.90. Following the acquisition, the director now owns 16,823 shares of the company’s stock, valued at approximately $805,989.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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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