MERIAN GLOBAL INVESTORS UK Ltd Has $2.54 Million Position in Signet Jewelers Ltd. (SIG)

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MERIAN GLOBAL INVESTORS UK Ltd lowered its stake in shares of Signet Jewelers Ltd. (NYSE:SIG) by 24.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,552 shares of the company’s stock after selling 29,781 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Signet Jewelers were worth $2,540,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SIG. Grace & White Inc. NY boosted its position in Signet Jewelers by 12.8% during the 1st quarter. Grace & White Inc. NY now owns 254,530 shares of the company’s stock worth $6,913,000 after acquiring an additional 28,810 shares during the period. Westside Investment Management Inc. boosted its position in Signet Jewelers by 459.1% during the 4th quarter. Westside Investment Management Inc. now owns 3,075 shares of the company’s stock worth $98,000 after acquiring an additional 2,525 shares during the period. Inlet Private Wealth LLC acquired a new position in Signet Jewelers during the 1st quarter worth $217,000. LSV Asset Management boosted its position in Signet Jewelers by 160.1% during the 4th quarter. LSV Asset Management now owns 368,500 shares of the company’s stock worth $11,707,000 after acquiring an additional 226,826 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in Signet Jewelers during the 1st quarter worth $607,000.

Shares of SIG stock opened at $19.99 on Monday. The company has a quick ratio of 0.45, a current ratio of 2.76 and a debt-to-equity ratio of 0.54. Signet Jewelers Ltd. has a 1 year low of $19.91 and a 1 year high of $71.07. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 5.37, a price-to-earnings-growth ratio of 1.01 and a beta of 0.95.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, April 3rd. The company reported $3.96 EPS for the quarter, topping the Zacks’ consensus estimate of $3.77 by $0.19. Signet Jewelers had a positive return on equity of 14.34% and a negative net margin of 10.65%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the business earned $4.28 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities analysts expect that Signet Jewelers Ltd. will post 3.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date is Thursday, May 2nd. Signet Jewelers’s dividend payout ratio is presently 39.78%.

A number of brokerages have issued reports on SIG. Needham & Company LLC reiterated a “hold” rating on shares of Signet Jewelers in a research report on Thursday, April 4th. Zacks Investment Research upgraded Signet Jewelers from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.97.

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About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

Further Reading: Rule of 72

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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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