Massachusetts Financial Services Co. MA purchased a new position in shares of Signet Jewelers Ltd. (NYSE:SIG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,570 shares of the company’s stock, valued at approximately $1,027,000.
A number of other large investors have also modified their holdings of SIG. MetLife Investment Advisors LLC lifted its stake in shares of Signet Jewelers by 69.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 64,016 shares of the company’s stock worth $3,569,000 after acquiring an additional 26,285 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Signet Jewelers by 3.8% in the 2nd quarter. Wells Fargo & Company MN now owns 368,593 shares of the company’s stock worth $20,550,000 after acquiring an additional 13,645 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Signet Jewelers by 11.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 697,621 shares of the company’s stock worth $38,892,000 after acquiring an additional 74,022 shares during the period. Swiss National Bank lifted its stake in shares of Signet Jewelers by 2.8% in the 2nd quarter. Swiss National Bank now owns 102,800 shares of the company’s stock worth $5,731,000 after acquiring an additional 2,800 shares during the period. Finally, Putnam Investments LLC acquired a new stake in shares of Signet Jewelers in the 2nd quarter worth $7,945,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Shares of SIG opened at $57.28 on Friday. The company has a quick ratio of 0.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3.17 billion, a PE ratio of 8.80, a P/E/G ratio of 2.22 and a beta of 0.91. Signet Jewelers Ltd. has a 52-week low of $33.11 and a 52-week high of $77.94.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, August 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.32. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.34 billion. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 EPS. On average, equities research analysts forecast that Signet Jewelers Ltd. will post 4.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.48 annualized dividend and a yield of 2.58%. Signet Jewelers’s dividend payout ratio (DPR) is currently 22.73%.
Several research firms have recently commented on SIG. Wells Fargo & Co restated a “hold” rating and issued a $65.00 target price (up previously from $50.00) on shares of Signet Jewelers in a research note on Thursday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $69.00 price target (up previously from $63.00) on shares of Signet Jewelers in a report on Friday, August 31st. Citigroup downgraded shares of Signet Jewelers from a “neutral” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Thursday, September 6th. Finally, TheStreet upgraded shares of Signet Jewelers from a “d+” rating to a “c-” rating in a report on Tuesday, August 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $55.13.
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Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.
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