Prudential Financial Inc. Has $7.87 Million Holdings in Signet Jewelers Limited (SIG)
Prudential Financial Inc. trimmed its position in shares of Signet Jewelers Limited (NYSE:SIG) by 22.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,322 shares of the company’s stock after selling 34,481 shares during the period. Prudential Financial Inc. owned 0.20% of Signet Jewelers Limited worth $7,874,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SIG. Vanguard Group Inc. lifted its stake in shares of Signet Jewelers Limited by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock worth $420,569,000 after acquiring an additional 97,075 shares during the period. Capital Research Global Investors lifted its stake in shares of Signet Jewelers Limited by 1.7% in the 2nd quarter. Capital Research Global Investors now owns 5,377,336 shares of the company’s stock worth $340,063,000 after acquiring an additional 88,336 shares during the period. BlackRock Inc. lifted its stake in shares of Signet Jewelers Limited by 6.6% in the 2nd quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock worth $279,313,000 after acquiring an additional 272,979 shares during the period. State Street Corp lifted its stake in shares of Signet Jewelers Limited by 2.1% in the 2nd quarter. State Street Corp now owns 3,365,495 shares of the company’s stock worth $212,841,000 after acquiring an additional 69,756 shares during the period. Finally, Investec Asset Management LTD lifted its stake in shares of Signet Jewelers Limited by 14.1% in the 2nd quarter. Investec Asset Management LTD now owns 1,902,829 shares of the company’s stock worth $120,335,000 after acquiring an additional 235,207 shares during the period.
Signet Jewelers Limited (SIG) traded down $3.21 during midday trading on Friday, hitting $49.80. 3,760,899 shares of the company were exchanged, compared to its average volume of 3,032,333. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 1.14. Signet Jewelers Limited has a twelve month low of $46.09 and a twelve month high of $99.19. The company has a market cap of $3,204.98, a P/E ratio of 8.11, a P/E/G ratio of 1.13 and a beta of 1.03.
Signet Jewelers Limited (NYSE:SIG) last released its earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.32% and a return on equity of 20.76%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. analysts forecast that Signet Jewelers Limited will post 6.25 EPS for the current year.
A number of analysts have recently weighed in on SIG shares. Needham & Company LLC set a $69.00 price target on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Friday, August 25th. Royal Bank Of Canada set a $66.00 price target on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Friday, August 25th. Wells Fargo & Company set a $97.00 price target on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Instinet reiterated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Signet Jewelers Limited in a report on Monday, August 28th. Finally, Zacks Investment Research upgraded shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, September 4th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $67.47.
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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.
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