Prudential Financial Inc. increased its stake in Signet Jewelers Ltd. (NYSE:SIG) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,812 shares of the company’s stock after buying an additional 11,190 shares during the period. Prudential Financial Inc. owned 0.14% of Signet Jewelers worth $9,132,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Calvert Investment Management Inc. raised its stake in shares of Signet Jewelers by 0.3% in the second quarter. Calvert Investment Management Inc. now owns 4,723 shares of the company’s stock valued at $389,000 after buying an additional 13 shares during the last quarter. IFP Advisors Inc raised 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 in the last quarter. Cleararc Capital Inc. raised its position in Signet Jewelers by 1.3% in the first quarter. Cleararc Capital Inc. now owns 1,951 shares of the company’s stock worth $242,000 after buying an additional 25 shares in the last quarter. World Asset Management Inc raised its position in Signet Jewelers by 0.5% in the second quarter. World Asset Management Inc now owns 7,788 shares of the company’s stock worth $642,000 after buying an additional 42 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Signet Jewelers by 2.0% in the second quarter. Advisors Asset Management Inc. now owns 2,389 shares of the company’s stock worth $197,000 after buying an additional 46 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.
Signet Jewelers Ltd. (NYSE:SIG) traded down 0.76% during mid-day trading on Thursday, reaching $80.81. 224,263 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $81.08 and a 200-day moving average price of $94.36. Signet Jewelers Ltd. has a 12-month low of $72.65 and a 12-month high of $152.27. The stock has a market capitalization of $6.11 billion, a PE ratio of 12.31 and a beta of 1.46.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by $0.31. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. Equities research analysts expect that Signet Jewelers Ltd. will post $7.30 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, October 28th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, October 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.28%. Signet Jewelers’s dividend payout ratio (DPR) is presently 15.90%.
A number of research firms recently weighed in on SIG. Exane BNP Paribas lowered shares of Signet Jewelers from an “outperform” rating to a “neutral” rating in a research note on Friday, September 9th. Citigroup Inc. lowered shares of Signet Jewelers from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $125.00 to $83.00 in a research note on Friday, August 26th. Zacks Investment Research lowered shares of Signet Jewelers from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $130.00 price objective on shares of Signet Jewelers in a research note on Monday, June 20th. Finally, Nomura reiterated a “buy” rating and issued a $148.00 price objective on shares of Signet Jewelers in a research note on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $107.27.
In other news, Director Thomas G. Plaskett acquired 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 completion of the purchase, the director now directly owns 16,407 shares in the company, valued at approximately $1,458,254.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sebastian Hobbs acquired 500 shares of Signet Jewelers stock in a transaction dated Monday, July 18th. The stock was purchased at an average cost of $91.72 per share, with a total value of $45,860.00. Following the completion of the purchase, the director now owns 8,684 shares of the company’s stock, valued at $796,496.48. The disclosure for this purchase can be found here. 0.36% of the stock is currently 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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