State Street Corp raised its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,756,075 shares of the company's stock after purchasing an additional 16,912 shares during the quarter. State Street Corp owned 3.99% of Signet Jewelers worth $181,122,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Khrom Capital Management LLC acquired a new stake in shares of Signet Jewelers during the 2nd quarter valued at $58,357,000. Eminence Capital LP increased its position in Signet Jewelers by 71.3% in the 2nd quarter. Eminence Capital LP now owns 844,428 shares of the company's stock worth $75,644,000 after purchasing an additional 351,588 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of Signet Jewelers by 2.9% during the 2nd quarter. Select Equity Group L.P. now owns 6,949,785 shares of the company's stock worth $622,562,000 after purchasing an additional 193,977 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Signet Jewelers by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,386,787 shares of the company's stock valued at $213,809,000 after buying an additional 149,934 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Signet Jewelers by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,069,071 shares of the company's stock valued at $185,347,000 after buying an additional 126,726 shares in the last quarter.
A number of analysts have issued reports on the stock. Telsey Advisory Group reiterated a "market perform" rating and issued a $87.00 target price on shares of Signet Jewelers in a research note on Thursday, December 5th. UBS Group reduced their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Wells Fargo & Company increased their target price on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Bank of America reduced their price target on Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, September 13th. Finally, StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $109.60.
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In related news, insider Mary Elizabeth Finn sold 3,763 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.32, for a total value of $347,400.16. Following the completion of the transaction, the insider now directly owns 43,058 shares of the company's stock, valued at $3,975,114.56. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Virginia Drosos sold 3,475 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now directly owns 775,345 shares in the company, valued at $78,829,326.15. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock worth $4,599,306 in the last ninety days. 3.26% of the stock is currently owned by insiders.
SIG stock opened at $85.08 on Friday. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 1.13 and a beta of 2.10. The company has a 50-day moving average of $95.96 and a two-hundred day moving average of $91.12. Signet Jewelers Limited has a 52-week low of $72.26 and a 52-week high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25.
Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. Signet Jewelers's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 9.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers's dividend payout ratio (DPR) is currently 13.35%.
Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.
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