M&T Bank Corp grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,142 shares of the company’s stock after purchasing an additional 59 shares during the period. M&T Bank Corp’s holdings in Signet Jewelers Limited were worth $452,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Signet Jewelers Limited by 1.5% during the second quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock worth $420,569,000 after purchasing an additional 97,075 shares during the period. BlackRock Inc. increased its stake in Signet Jewelers Limited by 6.6% during the second quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock worth $279,313,000 after purchasing an additional 272,979 shares during the period. Abrams Bison Investments LLC increased its stake in Signet Jewelers Limited by 1.5% during the first quarter. Abrams Bison Investments LLC now owns 4,015,847 shares of the company’s stock worth $278,178,000 after purchasing an additional 60,847 shares during the period. State Street Corp increased its stake in Signet Jewelers Limited by 8.3% during the first quarter. State Street Corp now owns 3,295,739 shares of the company’s stock worth $228,316,000 after purchasing an additional 251,763 shares during the period. Finally, Causeway Capital Management LLC increased its stake in Signet Jewelers Limited by 61.3% during the first quarter. Causeway Capital Management LLC now owns 2,439,144 shares of the company’s stock worth $194,106,000 after purchasing an additional 927,355 shares during the period.

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Signet Jewelers Limited (NYSE:SIG) opened at 67.32 on Friday. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The company has a 50-day moving average price of $64.21 and a 200-day moving average price of $62.13. The firm has a market capitalization of $4.07 billion, a P/E ratio of 10.14 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 EPS for the quarter, topping the consensus estimate of $1.10 by $0.23. The company had revenue of $1.40 billion during 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 business’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. On average, equities research analysts anticipate that Signet Jewelers Limited will post $7.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be given a $0.31 dividend. The ex-dividend date is Thursday, October 26th. This represents a $1.24 annualized dividend and a dividend yield of 1.84%. Signet Jewelers Limited’s payout ratio is 19.14%.

A number of analysts have issued reports on SIG shares. Zacks Investment Research upgraded shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Monday, September 4th. Nomura set a $70.00 price target on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and set a $75.00 price target on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Instinet reiterated a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Signet Jewelers Limited in a research note on Monday, August 28th. Finally, ValuEngine lowered shares of Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $70.93.

Signet Jewelers Limited 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.

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

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