US Bancorp DE Boosts Position in Signet Jewelers Limited (NYSE:SIG)

US Bancorp DE increased its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 1.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,361 shares of the company’s stock after buying an additional 249 shares during the period. US Bancorp DE’s holdings in Signet Jewelers Limited were worth $845,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SIG. Meeder Asset Management Inc. boosted its stake in shares of Signet Jewelers Limited by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock valued at $525,000 after buying an additional 46 shares during the period. Nordea Investment Management AB boosted its stake in shares of 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 period. Gateway Investment Advisers LLC boosted its stake in shares of Signet Jewelers Limited by 1.8% in the second quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock valued at $329,000 after buying an additional 91 shares during the period. State Treasurer State of Michigan boosted its stake in shares of Signet Jewelers Limited by 0.4% in the first quarter. State Treasurer State of Michigan now owns 22,844 shares of the company’s stock valued at $1,582,000 after buying an additional 100 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in shares of Signet Jewelers Limited by 1.1% in the first quarter. Mason Street Advisors LLC now owns 9,618 shares of the company’s stock valued at $666,000 after buying an additional 100 shares during the period.

Shares of Signet Jewelers Limited (NYSE SIG) traded up 1.60% on Friday, reaching $56.54. 1,477,379 shares of the company were exchanged. The firm has a market capitalization of $3.87 billion, a PE ratio of 8.98 and a beta of 1.00. The company’s 50 day moving average is $60.52 and its 200 day moving average is $64.65. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46.

Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, May 25th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.66 by $0.63. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.46 billion. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The business’s revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 EPS. Analysts forecast that Signet Jewelers Limited will post $6.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Friday, July 28th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, July 26th. Signet Jewelers Limited’s dividend payout ratio is 19.97%.

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Several equities research analysts have commented on SIG shares. Buckingham Research cut shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and cut their price target for the stock from $86.00 to $65.00 in a research report on Wednesday, May 24th. Telsey Advisory Group cut their price target on shares of Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating on the stock in a research report on Friday, May 26th. CL King cut shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research report on Friday, May 26th. Royal Bank Of Canada set a $63.00 price target on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Friday, May 26th. Finally, Cowen and Company reissued a “market perform” rating and set a $54.00 price target (down from $65.00) on shares of Signet Jewelers Limited in a research report on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $77.35.

In related news, Director H. Todd Stitzer acquired 2,090 shares of the stock in a transaction on Wednesday, May 31st. The shares were acquired at an average price of $47.91 per share, with a total value of $100,131.90. Following the completion of the transaction, the director now owns 16,823 shares in the company, valued at approximately $805,989.93. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

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

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