Utah Retirement Systems reduced its position in Signet Jewelers Limited (NYSE:SIG) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,496 shares of the company’s stock after selling 300 shares during the period. Utah Retirement Systems’ holdings in Signet Jewelers Limited were worth $790,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its stake in Signet Jewelers Limited by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,060 shares of the company’s stock worth $446,000 after acquiring an additional 19 shares during the period. Meeder Asset Management Inc. grew its stake in Signet Jewelers Limited by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock worth $525,000 after acquiring an additional 46 shares during the period. Nordea Investment Management AB grew its stake in Signet Jewelers Limited by 2.5% in the 1st quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock worth $187,000 after acquiring an additional 65 shares during the period. Gateway Investment Advisers LLC grew its stake in Signet Jewelers Limited by 1.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock worth $329,000 after acquiring an additional 91 shares during the period. Finally, State Treasurer State of Michigan grew its stake in Signet Jewelers Limited by 0.4% in the 1st quarter. State Treasurer State of Michigan now owns 22,844 shares of the company’s stock worth $1,582,000 after acquiring an additional 100 shares during the period.
Signet Jewelers Limited (NYSE:SIG) opened at 66.24 on Tuesday. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 9.97 and a beta of 0.99. The company’s 50 day moving average is $59.74 and its 200 day moving average is $62.11.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $1.14 EPS. Signet Jewelers Limited’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Signet Jewelers Limited will post $7.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 annualized dividend and a dividend yield of 1.87%. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.14%.
Several brokerages have recently issued reports on SIG. ValuEngine cut shares of Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. CL King cut shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price objective for the company. in a research note on Friday, May 26th. Nomura set a $70.00 price objective on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research note on Tuesday, July 18th. Bank of America Corporation reissued a “buy” rating and set a $75.00 price objective on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $63.00 price objective on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research note on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Signet Jewelers Limited currently has an average rating of “Hold” and a consensus price target of $71.25.
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About Signet Jewelers Limited
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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