Canada Pension Plan Investment Board Has $90.16 Million Position in Signet Jewelers Limited (SIG)
Canada Pension Plan Investment Board increased its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,354,810 shares of the company’s stock after acquiring an additional 43,744 shares during the period. Canada Pension Plan Investment Board owned about 2.24% of Signet Jewelers Limited worth $90,163,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Parametrica Management Ltd acquired a new stake in Signet Jewelers Limited during the third quarter worth about $485,000. Crossmark Global Holdings Inc. acquired a new stake in Signet Jewelers Limited during the third quarter worth about $485,000. Pictet Asset Management Ltd. grew its holdings in Signet Jewelers Limited by 601.7% during the third quarter. Pictet Asset Management Ltd. now owns 246,985 shares of the company’s stock worth $16,437,000 after acquiring an additional 211,785 shares during the period. Rothschild Investment Corp IL grew its holdings in Signet Jewelers Limited by 9.7% during the third quarter. Rothschild Investment Corp IL now owns 13,600 shares of the company’s stock worth $905,000 after acquiring an additional 1,200 shares during the period. Finally, Korea Investment CORP grew its holdings in Signet Jewelers Limited by 34.6% during the third quarter. Korea Investment CORP now owns 21,000 shares of the company’s stock worth $1,398,000 after acquiring an additional 5,400 shares during the period.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 EPS.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.14%.
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Several analysts recently commented on the company. Cowen and Company reaffirmed a “market perform” rating and set a $67.00 target price (up from $61.00) on shares of Signet Jewelers Limited in a report on Tuesday, September 12th. Susquehanna Bancshares Inc assumed coverage on Signet Jewelers Limited in a report on Thursday. They set a “neutral” rating and a $60.00 target price on the stock. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Saturday, August 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price target on shares of Signet Jewelers Limited in a research report on Thursday, August 17th. Finally, BidaskClub upgraded Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.25.
Signet Jewelers Limited 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.
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