Skylands Capital LLC lifted its position in shares of Signet Jewelers Ltd. (NYSE:SIG) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,250 shares of the company’s stock after purchasing an additional 17,000 shares during the period. Signet Jewelers comprises 1.2% of Skylands Capital LLC’s portfolio, making the stock its 21st largest position. Skylands Capital LLC owned 0.26% of Signet Jewelers worth $9,062,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Signet Jewelers by 30.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,446,968 shares of the company’s stock worth $96,298,000 after purchasing an additional 340,761 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Signet Jewelers by 84.3% in the second quarter. Janus Henderson Group PLC now owns 17,449 shares of the company’s stock worth $1,103,000 after buying an additional 7,983 shares during the last quarter. ETRADE Capital Management LLC bought a new stake in shares of Signet Jewelers in the third quarter worth $826,000. DekaBank Deutsche Girozentrale increased its stake in shares of Signet Jewelers by 375.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 77,125 shares of the company’s stock worth $4,259,000 after buying an additional 60,897 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Signet Jewelers by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock worth $420,569,000 after buying an additional 97,075 shares during the last quarter.
Shares of Signet Jewelers Ltd. (NYSE:SIG) traded up $0.80 during midday trading on Tuesday, reaching $55.87. 1,562,000 shares of the company’s stock were exchanged, compared to its average volume of 2,975,143. Signet Jewelers Ltd. has a 52 week low of $46.09 and a 52 week high of $84.25. The company has a quick ratio of 0.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3,332.62, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 1.06 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.24 annualized dividend and a yield of 2.22%. Signet Jewelers’s payout ratio is presently 20.39%.
A number of analysts recently issued reports on SIG shares. Royal Bank of Canada dropped their price target on shares of Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, November 22nd. Bank of America set a $66.00 target price on shares of Signet Jewelers and gave the company a “buy” rating in a research note on Saturday, November 25th. Zacks Investment Research lowered shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a research note on Monday, November 27th. Buckingham Research boosted their price target on shares of Signet Jewelers from $55.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, November 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $60.00 price target on shares of Signet Jewelers in a report on Wednesday, November 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.67.
In related news, insider Oded Edelman acquired 90,398 shares of the business’s stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the acquisition, the insider now owns 33,962 shares in the company, valued at $1,878,438.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.
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Signet Jewelers 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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