Northern Trust Corp Acquires 2,083 Shares of Signet Jewelers Limited (NYSE:SIG)

Northern Trust Corp boosted its position in Signet Jewelers Limited (NYSE:SIG) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 739,905 shares of the company’s stock after acquiring an additional 2,083 shares during the period. Northern Trust Corp owned 1.08% of Signet Jewelers Limited worth $46,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SIG. BlackRock Inc. raised its holdings in Signet Jewelers Limited by 3,088.1% in the first quarter. BlackRock Inc. now owns 4,143,731 shares of the company’s stock worth $287,037,000 after purchasing an additional 4,013,758 shares in the last quarter. Causeway Capital Management LLC grew its stake in shares of Signet Jewelers Limited by 61.3% in the first quarter. Causeway Capital Management LLC now owns 2,439,144 shares of the company’s stock worth $194,106,000 after acquiring an additional 927,355 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Signet Jewelers Limited by 173.4% during the first quarter. Clearbridge Investments LLC now owns 1,295,909 shares of the company’s stock valued at $89,768,000 after buying an additional 821,914 shares during the last quarter. SRS Investment Management LLC boosted its position in shares of Signet Jewelers Limited by 54.2% during the first quarter. SRS Investment Management LLC now owns 1,817,103 shares of the company’s stock valued at $125,871,000 after buying an additional 638,954 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Signet Jewelers Limited by 30.7% during the second quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock valued at $107,451,000 after buying an additional 399,070 shares during the last quarter.

Several research analysts have recently commented on SIG shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Instinet reissued a “buy” rating and set a $70.00 target price on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Needham & Company LLC initiated coverage on Signet Jewelers Limited in a research note on Tuesday, July 18th. They issued a “buy” rating and a $69.00 price objective on the stock. Nomura set a $70.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Wells Fargo & Company set a $97.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $70.93.

Shares of Signet Jewelers Limited (NYSE SIG) opened at 61.45 on Thursday. The firm has a market capitalization of $3.72 billion, a PE ratio of 9.25 and a beta of 0.98. The firm has a 50-day moving average price of $65.41 and a 200-day moving average price of $61.70. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46.

Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. On average, analysts forecast that Signet Jewelers Limited will post $7.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be given a $0.31 dividend. The ex-dividend date is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 2.02%. Signet Jewelers Limited’s payout ratio is currently 19.14%.

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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.

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

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