Nuveen Asset Management LLC purchased a new position in shares of Signet Jewelers Limited (NYSE:SIG) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,005 shares of the company’s stock, valued at approximately $901,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new position in shares of Signet Jewelers Limited during the first quarter worth approximately $115,000. James Investment Research Inc. acquired a new position in shares of Signet Jewelers Limited during the first quarter worth approximately $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 worth $145,000 after buying an additional 300 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Signet Jewelers Limited during the first quarter worth approximately $153,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Signet Jewelers Limited during the fourth quarter worth approximately $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 were exchanged. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The stock’s 50 day moving average price is $59.46 and its 200-day moving average price is $63.68. The company 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 (NYSE:SIG) last released its quarterly earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. Signet Jewelers Limited’s revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.95 earnings per share. On average, analysts predict that Signet Jewelers Limited will post $6.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Wednesday, July 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.97%.
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A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $69.00 price target on shares of Signet Jewelers Limited in a report on Saturday. Zacks Investment Research raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $63.00 price target on shares of Signet Jewelers Limited in a report on Thursday. BidaskClub raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 price target (down previously from $65.00) on shares of Signet Jewelers Limited in a report on Sunday, May 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. Signet Jewelers Limited currently has a consensus rating of “Hold” and an average target price of $77.35.
In related news, Director H. Todd Stitzer purchased 2,090 shares of Signet Jewelers Limited stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average cost of $47.91 per share, with a total value of $100,131.90. Following the purchase, the director now owns 16,823 shares of the company’s stock, valued at $805,989.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by insiders.
About Signet Jewelers Limited
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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