New York State Common Retirement Fund Acquires 5,450 Shares of Signet Jewelers Ltd. (SIG)

New York State Common Retirement Fund increased its holdings in shares of Signet Jewelers Ltd. (NYSE:SIG) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,240 shares of the company’s stock after purchasing an additional 5,450 shares during the period. New York State Common Retirement Fund owned approximately 0.37% of Signet Jewelers worth $6,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Signet Jewelers by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,976,414 shares of the company’s stock valued at $262,164,000 after buying an additional 166,590 shares during the period. Bank of New York Mellon Corp grew its position in Signet Jewelers by 11.9% during the second quarter. Bank of New York Mellon Corp now owns 697,621 shares of the company’s stock valued at $38,892,000 after buying an additional 74,022 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at about $19,062,000. JPMorgan Chase & Co. grew its position in shares of Signet Jewelers by 95.6% in the third quarter. JPMorgan Chase & Co. now owns 542,140 shares of the company’s stock valued at $35,744,000 after purchasing an additional 265,018 shares during the period. Finally, LSV Asset Management grew its position in shares of Signet Jewelers by 160.1% in the fourth quarter. LSV Asset Management now owns 368,500 shares of the company’s stock valued at $11,707,000 after purchasing an additional 226,826 shares during the period.

Several analysts have recently issued reports on SIG shares. Zacks Investment Research lowered shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 26th. Royal Bank of Canada dropped their target price on shares of Signet Jewelers to $46.00 and set an “in-line” rating on the stock in a research report on Friday, December 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 target price (down previously from $40.00) on shares of Signet Jewelers in a research report on Friday, January 18th. Citigroup lowered shares of Signet Jewelers from a “neutral” rating to a “sell” rating and set a $24.76 target price on the stock. in a research report on Friday, January 18th. Finally, Nomura dropped their target price on shares of Signet Jewelers to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 18th. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $43.65.

Shares of NYSE SIG opened at $27.29 on Friday. Signet Jewelers Ltd. has a 52-week low of $23.61 and a 52-week high of $71.07. The stock has a market capitalization of $1.42 billion, a PE ratio of 4.19, a P/E/G ratio of 1.31 and a beta of 1.04. The company has a current ratio of 2.20, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 1st were given a dividend of $0.37 per share. The ex-dividend date was Thursday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 5.42%. Signet Jewelers’s payout ratio is presently 22.73%.

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

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