NGAM Advisors L.P. Has $2.09 Million Position in Signet Jewelers Limited (NYSE:SIG)
NGAM Advisors L.P. reduced its position in shares of Signet Jewelers Limited (NYSE:SIG) by 21.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,001 shares of the company’s stock after selling 8,789 shares during the period. NGAM Advisors L.P.’s holdings in Signet Jewelers Limited were worth $2,087,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of SIG. Chevy Chase Trust Holdings Inc. raised its position in Signet Jewelers Limited by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 59,999 shares of the company’s stock worth $4,157,000 after buying an additional 1,397 shares in the last quarter. Skylands Capital LLC raised its position in Signet Jewelers Limited by 46.7% in the first quarter. Skylands Capital LLC now owns 114,250 shares of the company’s stock worth $7,914,000 after buying an additional 36,350 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Signet Jewelers Limited during the first quarter worth $720,000. Retirement Systems of Alabama raised its position in Signet Jewelers Limited by 2.0% in the first quarter. Retirement Systems of Alabama now owns 33,641 shares of the company’s stock worth $2,330,000 after buying an additional 662 shares in the last quarter. Finally, James Investment Research Inc. purchased a new position in Signet Jewelers Limited during the first quarter worth $133,000.
Shares of Signet Jewelers Limited (NYSE SIG) opened at 56.54 on Friday. The firm’s 50-day moving average is $60.52 and its 200 day moving average is $64.65. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46. The stock has a market capitalization of $3.87 billion, a P/E ratio of 8.98 and a beta of 1.00.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, May 25th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The company’s quarterly revenue was down 11.1% on a year-over-year basis. On average, analysts expect that Signet Jewelers Limited will post $6.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, July 28th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, July 26th. This represents a $1.24 dividend on an annualized basis and a yield of 2.19%. Signet Jewelers Limited’s dividend payout ratio is currently 19.97%.
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A number of equities research analysts recently issued reports on the stock. Buckingham Research downgraded shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and lowered their target price for the company from $86.00 to $65.00 in a report on Wednesday, May 24th. Telsey Advisory Group lowered their target price on shares of Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating for the company in a report on Friday, May 26th. CL King downgraded shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a report on Friday, May 26th. Royal Bank Of Canada set a $63.00 target price on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Cowen and Company restated a “market perform” rating and issued a $54.00 target price (down from $65.00) on shares of Signet Jewelers Limited in a report on Sunday, May 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $77.35.
In other news, Director H. Todd Stitzer acquired 2,090 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average price of $47.91 per share, for a total transaction of $100,131.90. Following the completion of the acquisition, the director now owns 16,823 shares of the company’s stock, valued at approximately $805,989.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.
About Signet Jewelers Limited
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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