Flinton Capital Management LLC grew its position in shares of Signet Jewelers Ltd. (NYSE:SIG) by 23.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,886 shares of the company’s stock after purchasing an additional 2,414 shares during the quarter. Flinton Capital Management LLC’s holdings in Signet Jewelers were worth $230,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board raised its position in shares of Signet Jewelers by 65.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,119,035 shares of the company’s stock worth $20,008,000 after purchasing an additional 444,017 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Signet Jewelers by 89.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 741,588 shares of the company’s stock worth $13,261,000 after purchasing an additional 349,327 shares during the last quarter. Atria Investments LLC acquired a new position in shares of Signet Jewelers during the 2nd quarter worth approximately $71,822,000. JPMorgan Chase & Co. raised its position in shares of Signet Jewelers by 124.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 375,925 shares of the company’s stock worth $6,646,000 after purchasing an additional 208,090 shares during the last quarter. Finally, Duality Advisers LP acquired a new position in shares of Signet Jewelers during the 1st quarter worth approximately $5,475,000.
In other Signet Jewelers news, CFO Joan M. Hilson bought 7,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $14.46 per share, with a total value of $108,450.00. Following the completion of the purchase, the chief financial officer now directly owns 33,127 shares in the company, valued at $479,016.42. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Virginia Drosos purchased 4,000 shares of Signet Jewelers stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $14.14 per share, with a total value of $56,560.00. Following the transaction, the chief executive officer now owns 232,181 shares in the company, valued at approximately $3,283,039.34. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.
Shares of SIG stock opened at $17.47 on Friday. The firm has a market capitalization of $870.18 million, a P/E ratio of 4.77, a P/E/G ratio of 0.83 and a beta of 0.96. The company’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $19.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.10 and a quick ratio of 0.37. Signet Jewelers Ltd. has a 12 month low of $10.40 and a 12 month high of $66.71.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.26. Signet Jewelers had a negative net margin of 2.99% and a positive return on equity of 17.75%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Signet Jewelers Ltd. will post 3.09 EPS for the current year.
The business also recently disclosed a — dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a $0.37 dividend. This represents a dividend yield of 10.5%. The ex-dividend date of this dividend is Thursday, October 31st. Signet Jewelers’s dividend payout ratio (DPR) is presently 39.78%.
Several research firms have commented on SIG. Citigroup lowered their target price on shares of Signet Jewelers from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, September 6th. Nomura lowered their target price on shares of Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. Zacks Investment Research raised shares of Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 target price for the company in a research note on Monday, August 12th. Bank of America lowered their price objective on shares of Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $22.00 price objective (down from $28.00) on shares of Signet Jewelers in a research note on Monday, June 3rd. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Signet Jewelers presently has an average rating of “Hold” and an average price target of $24.29.
Signet Jewelers 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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