Chevy Chase Trust Holdings Inc. lowered its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,926 shares of the company’s stock after selling 1,073 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Signet Jewelers Limited worth $3,726,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in SIG. Ameritas Investment Partners Inc. purchased a new position in shares of Signet Jewelers Limited during the first quarter valued at about $115,000. James Investment Research Inc. purchased a new position in shares of Signet Jewelers Limited during the first quarter valued at about $133,000. Daiwa Securities Group Inc. increased its position in shares of 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 in the last quarter. FNY Managed Accounts LLC purchased a new position in shares of Signet Jewelers Limited during the first quarter valued at about $153,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Signet Jewelers Limited during the fourth quarter valued at about $212,000.
Shares of Signet Jewelers Limited (NYSE SIG) traded down 0.94% during trading on Friday, hitting $53.59. 1,167,552 shares of the stock traded hands. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 8.51 and a beta of 1.00. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46. The stock has a 50 day moving average price of $59.75 and a 200-day moving average price of $63.86.
Signet Jewelers Limited (NYSE:SIG) last released its earnings results on Thursday, May 25th. The company reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.63. The business had revenue of $1.40 billion for 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 company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 earnings per share. Equities analysts forecast that Signet Jewelers Limited will post $6.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, July 26th. Signet Jewelers Limited’s payout ratio is 19.97%.
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A number of brokerages have weighed in on SIG. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $63.00 target price on shares of Signet Jewelers Limited in a research note on Thursday. Zacks Investment Research raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC assumed coverage on shares of Signet Jewelers Limited in a research note on Tuesday, July 18th. They issued a “buy” rating and a $69.00 target price for the company. Finally, Nomura set a $70.00 price target on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. 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 stock. Signet Jewelers Limited presently has an average rating of “Hold” and an average price target of $77.35.
In other Signet Jewelers Limited news, Director H. Todd Stitzer bought 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, for a total transaction of $100,131.90. Following the purchase, the director now directly owns 16,823 shares of the company’s stock, valued at approximately $805,989.93. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 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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