New York State Teachers Retirement System Sells 9,445 Shares of Signet Jewelers Ltd. (SIG)

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New York State Teachers Retirement System cut its stake in Signet Jewelers Ltd. (NYSE:SIG) by 8.9% in the first quarter, HoldingsChannel.com reports. The firm owned 96,296 shares of the company’s stock after selling 9,445 shares during the quarter. New York State Teachers Retirement System’s holdings in Signet Jewelers were worth $2,615,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. raised its stake in Signet Jewelers by 459.1% in the fourth quarter. Westside Investment Management Inc. now owns 3,075 shares of the company’s stock valued at $98,000 after buying an additional 2,525 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Signet Jewelers by 60.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,700 shares of the company’s stock valued at $100,000 after purchasing an additional 1,400 shares in the last quarter. Juncture Wealth Strategies LLC purchased a new stake in Signet Jewelers in the 1st quarter valued at approximately $209,000. Inlet Private Wealth LLC purchased a new stake in Signet Jewelers in the 1st quarter valued at approximately $217,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in Signet Jewelers in the 4th quarter valued at approximately $297,000.

Shares of NYSE:SIG opened at $21.45 on Monday. The company has a market cap of $1.11 billion, a PE ratio of 5.77, a PEG ratio of 1.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.45 and a current ratio of 2.76. Signet Jewelers Ltd. has a 12 month low of $19.41 and a 12 month high of $71.07.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, April 3rd. The company reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company earned $4.28 EPS. Signet Jewelers’s revenue was down 5.9% on a year-over-year basis. Analysts expect that Signet Jewelers Ltd. will post 3.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors 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 yield of 6.90%. The ex-dividend date of this dividend is Thursday, May 2nd. Signet Jewelers’s payout ratio is currently 39.78%.

SIG has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Signet Jewelers in a report on Thursday, April 4th. Zacks Investment Research raised Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.97.

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Signet Jewelers Company Profile

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.

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

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