Stephens Inc. AR Takes Position in Signet Jewelers Limited (SIG)
Stephens Inc. AR acquired a new stake in Signet Jewelers Limited (NYSE:SIG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 13,307 shares of the company’s stock, valued at approximately $992,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Signet Jewelers Limited by 6.8% in the second quarter. Pacer Advisors Inc. now owns 1,561 shares of the company’s stock worth $129,000 after buying an additional 100 shares in the last quarter. MU Investments Co. Ltd. acquired a new position in shares of Signet Jewelers Limited during the second quarter worth about $148,000. Toronto Dominion Bank increased its position in shares of Signet Jewelers Limited by 429.6% in the third quarter. Toronto Dominion Bank now owns 2,198 shares of the company’s stock worth $164,000 after buying an additional 1,783 shares in the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Signet Jewelers Limited during the second quarter worth about $181,000. Finally, Copper Rock Capital Partners LLC acquired a new position in shares of Signet Jewelers Limited during the third quarter worth about $188,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.
Signet Jewelers Limited (NYSE:SIG) traded down 4.24% during trading on Friday, reaching $80.78. The company had a trading volume of 3,152,030 shares. Signet Jewelers Limited has a 12-month low of $72.65 and a 12-month high of $125.45. The stock has a 50 day moving average of $92.85 and a 200-day moving average of $86.13. The stock has a market capitalization of $5.62 billion, a P/E ratio of 12.09 and a beta of 1.22.
Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Tuesday, November 22nd. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.10. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Signet Jewelers Limited had a net margin of 7.93% and a return on equity of 19.67%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. On average, analysts forecast that Signet Jewelers Limited will post $7.42 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Wednesday, January 25th. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 15.88%.
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A number of brokerages recently issued reports on SIG. Wells Fargo & Company set a $103.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a report on Saturday, November 19th. Zacks Investment Research upgraded Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Saturday, December 10th. Citigroup Inc. reiterated a “neutral” rating and set a $90.00 target price (up previously from $83.00) on shares of Signet Jewelers Limited in a report on Saturday, November 26th. Royal Bank Of Canada upped their target price on Signet Jewelers Limited from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, RBC Capital Markets reduced their target price on Signet Jewelers Limited from $100.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $105.88.
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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