State Board of Administration of Florida Retirement System lowered its holdings in shares of Signet Jewelers Ltd. (NYSE:SIG) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,001 shares of the company’s stock after selling 1,410 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Signet Jewelers were worth $815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Signet Jewelers by 95.6% during the third quarter. JPMorgan Chase & Co. now owns 542,140 shares of the company’s stock valued at $35,744,000 after buying an additional 265,018 shares in the last quarter. Strs Ohio boosted its holdings in shares of Signet Jewelers by 18.7% during the fourth quarter. Strs Ohio now owns 29,800 shares of the company’s stock valued at $946,000 after acquiring an additional 4,700 shares during the period. Arizona State Retirement System boosted its holdings in shares of Signet Jewelers by 1.1% during the fourth quarter. Arizona State Retirement System now owns 37,259 shares of the company’s stock valued at $1,184,000 after acquiring an additional 400 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Signet Jewelers by 65.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 15,302 shares of the company’s stock valued at $486,000 after acquiring an additional 6,073 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Signet Jewelers by 54.3% during the fourth quarter. Rhumbline Advisers now owns 158,009 shares of the company’s stock valued at $5,020,000 after acquiring an additional 55,576 shares during the period.

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $22.00 price target (down previously from $28.00) on shares of Signet Jewelers in a report on Monday. Zacks Investment Research raised shares of Signet Jewelers from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Signet Jewelers in a report on Thursday, April 4th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.97.

Shares of SIG traded up $0.08 during midday trading on Monday, hitting $18.94. 581,940 shares of the stock traded hands, compared to its average volume of 1,599,952. The company has a market cap of $975.53 million, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 0.95 and a beta of 1.04. Signet Jewelers Ltd. has a 1-year low of $18.29 and a 1-year high of $71.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.45 and a current ratio of 2.76.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Wednesday, April 3rd. The company reported $3.96 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.19. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Signet Jewelers had a negative net margin of 10.65% and a positive return on equity of 14.34%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.28 earnings per share. Analysts predict that Signet Jewelers Ltd. will post 3.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 3rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 7.81%. The ex-dividend date of this dividend was Thursday, May 2nd. Signet Jewelers’s payout ratio is currently 39.78%.

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Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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

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