Integre Asset Management LLC Takes Position in Signet Jewelers Limited (SIG)
Integre Asset Management LLC bought a new stake in Signet Jewelers Limited (NYSE:SIG) during the fourth quarter, Holdings Channel reports. The firm bought 45,132 shares of the company’s stock, valued at approximately $4,254,000. Signet Jewelers Limited makes up about 1.4% of Integre Asset Management LLC’s portfolio, making the stock its 26th largest position. Integre Asset Management LLC owned approximately 0.06% of Signet Jewelers Limited at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Flinton Capital Management LLC purchased a new stake in Signet Jewelers Limited during the fourth quarter valued at about $542,000. Quantum Capital Management increased its stake in Signet Jewelers Limited by 24.1% in the fourth quarter. Quantum Capital Management now owns 76,036 shares of the company’s stock valued at $7,167,000 after buying an additional 14,758 shares in the last quarter. Carleon Capital Partners LLC purchased a new stake in Signet Jewelers Limited during the fourth quarter valued at about $1,490,000. Credit Agricole S A increased its stake in Signet Jewelers Limited by 53.3% in the fourth quarter. Credit Agricole S A now owns 20,277 shares of the company’s stock valued at $1,910,000 after buying an additional 7,054 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Signet Jewelers Limited during the fourth quarter valued at about $1,650,000.
Signet Jewelers Limited (NYSE:SIG) traded down 2.61% during trading on Thursday, reaching $73.48. The company had a trading volume of 874,754 shares. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 11.00 and a beta of 1.20. Signet Jewelers Limited has a one year low of $70.79 and a one year high of $125.45. The company has a 50-day moving average price of $81.16 and a 200 day moving average price of $84.59.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.10. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Signet Jewelers Limited had a net margin of 7.93% and a return on equity of 19.67%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Analysts expect that Signet Jewelers Limited will post $7.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Friday, January 27th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, January 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.42%. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 15.88%.
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SIG has been the topic of several recent research reports. Vetr downgraded Signet Jewelers Limited from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research note on Monday, November 7th. Zacks Investment Research raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Wells Fargo & Company set a $103.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Saturday, November 19th. Nomura set a $100.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Wednesday, November 23rd. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $90.00 price target (up previously from $83.00) on shares of Signet Jewelers Limited in a research note on Saturday, November 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $105.75.
About Signet Jewelers Limited
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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