State Street Corp Has $212.84 Million Stake in Signet Jewelers Limited (SIG)

State Street Corp lifted its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,365,495 shares of the company’s stock after acquiring an additional 69,756 shares during the period. State Street Corp owned 4.92% of Signet Jewelers Limited worth $212,841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Alps Advisors Inc. raised its holdings in shares of Signet Jewelers Limited by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,060 shares of the company’s stock worth $446,000 after acquiring an additional 19 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Signet Jewelers Limited by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock worth $525,000 after acquiring an additional 46 shares during the period. M&T Bank Corp raised its holdings in shares of Signet Jewelers Limited by 0.8% during the 2nd quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock worth $452,000 after acquiring an additional 59 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Signet Jewelers Limited by 5.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after acquiring an additional 85 shares during the period. Finally, Gateway Investment Advisers LLC raised its holdings in shares of Signet Jewelers Limited by 1.8% during the 2nd quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock worth $329,000 after acquiring an additional 91 shares during the period.

Signet Jewelers Limited (SIG) opened at 61.18 on Wednesday. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The company’s 50-day moving average price is $65.63 and its 200-day moving average price is $61.84. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 9.21 and a beta of 0.98.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s payout ratio is currently 19.14%.

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Several research analysts have recently commented on the company. BidaskClub lowered Signet Jewelers Limited from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a report on Saturday, August 19th. Instinet reiterated a “buy” rating and set a $73.00 price target (up previously from $70.00) on shares of Signet Jewelers Limited in a report on Monday, August 28th. Wells Fargo & Company reiterated an “outperform” rating and set a $75.00 price target (up previously from $70.00) on shares of Signet Jewelers Limited in a report on Thursday, August 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $66.00 price target on shares of Signet Jewelers Limited in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.93.

Signet Jewelers Limited 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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