AMP Capital Investors Ltd lifted its holdings in Signet Jewelers Ltd. (NYSE:SIG) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,200 shares of the company’s stock after acquiring an additional 2,894 shares during the period. AMP Capital Investors Ltd’s holdings in Signet Jewelers were worth $1,255,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in SIG. Nationwide Fund Advisors increased its position in shares of Signet Jewelers by 23.6% in the third quarter. Nationwide Fund Advisors now owns 25,447 shares of the company’s stock worth $1,693,000 after acquiring an additional 4,852 shares in the last quarter. Sei Investments Co. increased its position in shares of Signet Jewelers by 1,965.1% in the third quarter. Sei Investments Co. now owns 25,401 shares of the company’s stock worth $1,690,000 after acquiring an additional 24,171 shares in the last quarter. ING Groep NV increased its position in shares of Signet Jewelers by 37.5% in the third quarter. ING Groep NV now owns 5,225 shares of the company’s stock worth $348,000 after acquiring an additional 1,424 shares in the last quarter. Norinchukin Bank The increased its position in shares of Signet Jewelers by 16.4% in the third quarter. Norinchukin Bank The now owns 34,457 shares of the company’s stock worth $2,293,000 after acquiring an additional 4,853 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Signet Jewelers by 2,731.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 237,800 shares of the company’s stock worth $15,826,000 after acquiring an additional 229,400 shares in the last quarter.
In related news, insider Oded Edelman acquired 90,398 shares of Signet Jewelers stock in a transaction on Friday, January 12th. The shares were purchased at an average cost of $55.31 per share, for a total transaction of $4,999,913.38. Following the purchase, the insider now directly owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, March 14th. The company reported $4.28 EPS for the quarter, beating the Zacks’ consensus estimate of $4.26 by $0.02. Signet Jewelers had a net margin of 8.30% and a return on equity of 20.34%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $4.03 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. equities research analysts predict that Signet Jewelers Ltd. will post 4.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.81%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 3rd. Signet Jewelers’s dividend payout ratio is 16.76%.
Several equities research analysts have recently issued reports on SIG shares. Bank of America set a $66.00 price objective on shares of Signet Jewelers and gave the stock a “buy” rating in a research report on Saturday, November 25th. Royal Bank of Canada downgraded shares of Signet Jewelers from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $60.00 to $55.00 in a research note on Friday, January 12th. Zacks Investment Research downgraded shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. ValuEngine downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Vetr downgraded shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 target price for the company. in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. Signet Jewelers has an average rating of “Hold” and an average target price of $52.91.
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Signet Jewelers 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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