Los Angeles Capital Management & Equity Research Inc. Has $17.748 Million Position in Signet Jewelers Ltd. (SIG)

Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Signet Jewelers Ltd. (NYSE:SIG) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 256,220 shares of the company’s stock after buying an additional 38,267 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.38% of Signet Jewelers worth $17,748,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brinker Capital Inc. bought a new stake in shares of Signet Jewelers during the third quarter worth $211,000. SRB Corp raised its stake in shares of Signet Jewelers by 27.0% in the third quarter. SRB Corp now owns 1,654 shares of the company’s stock worth $123,000 after buying an additional 352 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of Signet Jewelers during the third quarter worth $146,000. Moore Capital Management LP raised its stake in shares of Signet Jewelers by 27.6% in the third quarter. Moore Capital Management LP now owns 69,474 shares of the company’s stock worth $5,178,000 after buying an additional 15,029 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Signet Jewelers by 14.7% in the third quarter. Two Sigma Advisers LP now owns 311,679 shares of the company’s stock worth $23,229,000 after buying an additional 39,900 shares in the last quarter.

Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

Signet Jewelers Ltd. (NYSE:SIG) traded down 1.15% during mid-day trading on Friday, hitting $58.65. 1,377,933 shares of the company were exchanged. The stock has a market cap of $4.01 billion, a P/E ratio of 8.28 and a beta of 1.20. Signet Jewelers Ltd. has a 12-month low of $57.87 and a 12-month high of $109.42. The company has a 50 day moving average of $65.02 and a 200 day moving average of $77.39.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, March 9th. The company reported $4.03 EPS for the quarter, topping the consensus estimate of $4.00 by $0.03. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.30 billion. Signet Jewelers had a net margin of 7.93% and a return on equity of 19.67%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $3.63 EPS. On average, equities research analysts expect that Signet Jewelers Ltd. will post $7.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Friday, April 28th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.26. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.09%. Signet Jewelers’s dividend payout ratio (DPR) is 15.88%.

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A number of analysts have recently weighed in on the stock. TheStreet lowered shares of Signet Jewelers from a “b-” rating to a “c+” rating in a research note on Friday, February 10th. Northcoast Research reaffirmed a “hold” rating on shares of Signet Jewelers in a research note on Saturday, March 11th. Royal Bank of Canada reduced their price target on shares of Signet Jewelers from $92.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, March 10th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and issued a $85.00 price target (down from $88.00) on shares of Signet Jewelers in a research note on Saturday, March 11th. Finally, JPMorgan Chase & Co. set a $75.00 price target on shares of Signet Jewelers and gave the stock a “hold” rating in a research note on Thursday, February 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $90.36.

Signet Jewelers Company Profile

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.

12 Month Chart for NYSE:SIG

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