GSA Capital Partners LLP acquired a new position in Signet Jewelers Ltd. (NYSE:SIG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,032 shares of the company’s stock, valued at approximately $202,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. M&T Bank Corp lifted its holdings in Signet Jewelers by 0.8% in the second quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock worth $452,000 after buying an additional 59 shares during the period. Commonwealth Bank of Australia lifted its holdings in Signet Jewelers by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after buying an additional 85 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Signet Jewelers by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after buying an additional 335 shares during the period. Hosking Partners LLP lifted its holdings in Signet Jewelers by 0.6% in the third quarter. Hosking Partners LLP now owns 119,049 shares of the company’s stock worth $7,923,000 after buying an additional 712 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Signet Jewelers by 9.8% in the third quarter. Janney Montgomery Scott LLC now owns 8,082 shares of the company’s stock worth $538,000 after buying an additional 721 shares during the period.
Several equities analysts have recently issued reports on the stock. Needham & Company LLC set a $60.00 target price on shares of Signet Jewelers and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Co set a $52.00 target price on shares of Signet Jewelers and gave the company a “hold” rating in a report on Thursday. Royal Bank of Canada lowered shares of Signet Jewelers from an “outperform” rating to a “sector perform” rating and set a $55.00 target price for the company. in a report on Friday. Susquehanna Bancshares assumed coverage on shares of Signet Jewelers in a report on Thursday, November 2nd. They set a “neutral” rating and a $60.00 target price for the company. Finally, Telsey Advisory Group lowered their target price on shares of Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $64.67.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.24 dividend on an annualized basis and a yield of 2.18%. Signet Jewelers’s payout ratio is currently 21.53%.
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About Signet Jewelers
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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