Capital Research Global Investors Has $340.06 Million Position in Signet Jewelers Limited (SIG)
Capital Research Global Investors increased its position in Signet Jewelers Limited (NYSE:SIG) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,377,336 shares of the company’s stock after buying an additional 88,336 shares during the quarter. Capital Research Global Investors owned 7.86% of Signet Jewelers Limited worth $340,063,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alps Advisors Inc. raised its position in Signet Jewelers Limited by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,060 shares of the company’s stock valued at $446,000 after purchasing an additional 19 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Signet Jewelers Limited by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock worth $525,000 after buying an additional 46 shares during the period. M&T Bank Corp lifted its holdings in Signet Jewelers Limited by 0.8% in the 2nd quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock worth $452,000 after buying an additional 59 shares during the period. Nordea Investment Management AB lifted its holdings in Signet Jewelers Limited by 2.5% in the 1st quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock worth $187,000 after buying an additional 65 shares during the period. Finally, Commonwealth Bank of Australia lifted its holdings in Signet Jewelers Limited by 5.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after buying an additional 85 shares during the period.
Shares of Signet Jewelers Limited (NYSE SIG) traded down 0.7967% during trading on Wednesday, hitting $67.0912. 198,546 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $63.06 and a 200-day moving average price of $62.05. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The stock has a market cap of $4.06 billion, a P/E ratio of 10.1011 and a beta of 0.98.
Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $1.14 EPS. Signet Jewelers Limited’s revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that Signet Jewelers Limited will post $7.03 EPS for the current fiscal year.
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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers Limited’s payout ratio is 19.14%.
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A number of equities analysts recently commented on SIG shares. Bank of America Corporation set a $75.00 target price on Signet Jewelers Limited and gave the company a “buy” rating in a report on Thursday, June 8th. Wells Fargo & Company set a $97.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Nomura set a $70.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. BidaskClub upgraded shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Needham & Company LLC set a $69.00 price objective on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.93.
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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