Mason Street Advisors LLC bought a new position in shares of Signet Jewelers Ltd. (NYSE:SIG) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 10,507 shares of the company’s stock, valued at approximately $866,000.
Several other large investors have also bought and sold shares of SIG. IFP Advisors Inc boosted its stake in Signet Jewelers by 2.0% in the first quarter. IFP Advisors Inc now owns 881 shares of the company’s stock valued at $109,000 after buying an additional 17 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Signet Jewelers during the first quarter valued at about $881,000. Ironwood Financial llc purchased a new stake in Signet Jewelers during the first quarter valued at about $2,211,000. Morris Capital Advisors LLC purchased a new stake in Signet Jewelers during the first quarter valued at about $506,000. Finally, Ngam Advisors L.P. boosted its stake in Signet Jewelers by 3.3% in the first quarter. Ngam Advisors L.P. now owns 45,028 shares of the company’s stock valued at $5,585,000 after buying an additional 1,439 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.
Signet Jewelers Ltd. (NYSE:SIG) opened at 74.90 on Thursday. Signet Jewelers Ltd. has a 1-year low of $73.84 and a 1-year high of $152.27. The firm has a 50 day moving average of $83.12 and a 200 day moving average of $95.71. The firm has a market cap of $5.66 billion, a P/E ratio of 11.41 and a beta of 1.48.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by $0.31. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. Signet Jewelers’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 earnings per share. On average, equities research analysts expect that Signet Jewelers Ltd. will post $7.30 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, October 26th. Signet Jewelers’s dividend payout ratio is currently 15.90%.
Several equities research analysts recently issued reports on SIG shares. Bank of America Corp. reiterated a “buy” rating on shares of Signet Jewelers in a report on Wednesday, June 8th. Nomura reiterated a “buy” rating and issued a $148.00 price objective on shares of Signet Jewelers in a report on Thursday, June 9th. Cowen and Company reissued an “outperform” rating and issued a $130.00 target price on shares of Signet Jewelers in a research note on Monday, June 20th. Wells Fargo & Co. reissued an “outperform” rating and issued a $113.00 target price on shares of Signet Jewelers in a research note on Saturday, June 25th. Finally, Royal Bank Of Canada decreased their target price on shares of Signet Jewelers from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $107.56.
In related news, Director Helen Mccluskey acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, July 19th. The stock was bought at an average cost of $89.91 per share, with a total value of $89,910.00. Following the acquisition, the director now directly owns 6,197 shares in the company, valued at $557,172.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas G. Plaskett acquired 300 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were bought at an average cost of $88.88 per share, with a total value of $26,664.00. Following the completion of the acquisition, the director now owns 16,407 shares in the company, valued at $1,458,254.16. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company’s stock.
About Signet Jewelers
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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