Palouse Capital Management Inc. acquired a new position in Signet Jewelers Ltd. (NYSE:SIG) during the second quarter, Holdings Channel reports. The institutional investor acquired 19,132 shares of the company’s stock, valued at approximately $1,577,000.
A number of other institutional investors have also recently bought and sold shares of SIG. IFP Advisors Inc increased its position in Signet Jewelers by 2.0% in the first quarter. IFP Advisors Inc now owns 881 shares of the company’s stock worth $109,000 after buying an additional 17 shares during the period. Bancorpsouth Inc. purchased a new position in Signet Jewelers during the first quarter worth about $209,000. Landscape Capital Management L.L.C. purchased a new position in Signet Jewelers during the first quarter worth about $242,000. Cleararc Capital Inc. increased its position in shares of Signet Jewelers by 1.3% in the first quarter. Cleararc Capital Inc. now owns 1,951 shares of the company’s stock valued at $242,000 after buying an additional 25 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb Inc. bought a new position in shares of Signet Jewelers during the second quarter valued at $251,000. Institutional investors and hedge funds own 95.28% of the company’s stock.
Signet Jewelers Ltd. (NYSE:SIG) traded down 3.37% on Monday, hitting $76.31. The stock had a trading volume of 1,057,448 shares. Signet Jewelers Ltd. has a 52-week low of $74.89 and a 52-week high of $152.27. The company has a 50 day moving average price of $84.16 and a 200-day moving average price of $96.54. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 11.63 and a beta of 1.48.
Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by $0.31. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. On average, equities research analysts predict that Signet Jewelers Ltd. will post $7.30 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, October 28th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, October 26th. Signet Jewelers’s payout ratio is 15.90%.
Several equities analysts have recently weighed in on the company. Goldman Sachs Group Inc. restated a “neutral” rating and set a $102.00 price target (down from $119.00) on shares of Signet Jewelers in a report on Sunday, August 28th. Royal Bank Of Canada reduced their price target on Signet Jewelers from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, June 28th. Cowen and Company restated an “outperform” rating and set a $96.00 price target (down from $130.00) on shares of Signet Jewelers in a report on Friday, August 26th. Telsey Advisory Group reduced their price target on Signet Jewelers from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, August 26th. Finally, Vetr downgraded Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $91.00 price target for the company. in a report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $108.93.
In related news, Director Thomas G. Plaskett purchased 300 shares of Signet Jewelers stock in a transaction dated Friday, July 22nd. The stock was purchased at an average cost of $88.88 per share, with a total value of $26,664.00. Following the transaction, the director now owns 16,407 shares in the company, valued at approximately $1,458,254.16. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sebastian Hobbs purchased 500 shares of Signet Jewelers stock in a transaction dated Monday, July 18th. The stock was bought at an average cost of $91.72 per share, with a total value of $45,860.00. Following the completion of the transaction, the director now owns 8,684 shares in the company, valued at approximately $796,496.48. The disclosure for this purchase can be found here. 0.36% of the stock is owned by insiders.
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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