Signet Jewelers Limited (SIG) Stake Raised by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board boosted its stake in Signet Jewelers Limited (NYSE:SIG) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 1,311,066 shares of the company’s stock after buying an additional 6,300 shares during the period. Canada Pension Plan Investment Board’s holdings in Signet Jewelers Limited were worth $82,912,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Signet Jewelers Limited during the first quarter valued at about $115,000. James Investment Research Inc. purchased a new stake in Signet Jewelers Limited during the first quarter valued at about $133,000. Daiwa Securities Group Inc. boosted its stake in Signet Jewelers Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock valued at $145,000 after buying an additional 300 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in Signet Jewelers Limited during the first quarter valued at about $153,000. Finally, Nordea Investment Management AB boosted its stake in Signet Jewelers Limited by 2.5% in the first quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock valued at $187,000 after buying an additional 65 shares during the last quarter.
Signet Jewelers Limited (NYSE SIG) opened at 60.25 on Thursday. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The stock has a 50 day moving average of $60.55 and a 200-day moving average of $64.89. The firm has a market capitalization of $4.12 billion, a PE ratio of 9.57 and a beta of 1.00.
Signet Jewelers Limited (NYSE:SIG) last issued its earnings results on Thursday, May 25th. The company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business earned $1.95 earnings per share. Signet Jewelers Limited’s quarterly revenue was down 11.1% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers Limited will post $6.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, July 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.97%.
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Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Signet Jewelers Limited from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $75.00 target price (down previously from $90.00) on shares of Signet Jewelers Limited in a research note on Sunday, May 28th. 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 research note on Friday, May 26th. Royal Bank Of Canada set a $63.00 target price on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Friday, May 26th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $54.00 target price on shares of Signet Jewelers Limited in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $77.35.
In other Signet Jewelers Limited news, Director H. Todd Stitzer purchased 2,090 shares of the stock in a transaction dated Wednesday, May 31st. The shares were bought at an average cost of $47.91 per share, with a total value of $100,131.90. Following the completion of the acquisition, the director now owns 16,823 shares of the company’s stock, valued at $805,989.93. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by company insiders.
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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