Renaissance Technologies LLC Takes Position in Signet Jewelers Limited (SIG)

Renaissance Technologies LLC purchased a new stake in Signet Jewelers Limited (NYSE:SIG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 118,000 shares of the company’s stock, valued at approximately $8,174,000. Renaissance Technologies LLC owned about 0.17% of Signet Jewelers Limited as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Investec Asset Management LTD boosted its stake in shares of Signet Jewelers Limited by 67.8% in the first quarter. Investec Asset Management LTD now owns 1,667,622 shares of the company’s stock valued at $115,516,000 after buying an additional 674,101 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Signet Jewelers Limited by 10.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,304,766 shares of the company’s stock valued at $90,381,000 after buying an additional 118,766 shares in the last quarter. Wells Fargo & Company MN raised its position in Signet Jewelers Limited by 49.1% in the first quarter. Wells Fargo & Company MN now owns 1,300,033 shares of the company’s stock valued at $90,054,000 after buying an additional 428,327 shares during the last quarter. Wellington Management Group LLP raised its position in Signet Jewelers Limited by 2.0% in the first quarter. Wellington Management Group LLP now owns 964,270 shares of the company’s stock valued at $66,795,000 after buying an additional 19,119 shares during the last quarter. Finally, Poplar Forest Capital LLC raised its position in Signet Jewelers Limited by 96.1% in the first quarter. Poplar Forest Capital LLC now owns 715,401 shares of the company’s stock valued at $49,556,000 after buying an additional 350,529 shares during the last quarter.

Signet Jewelers Limited (NYSE:SIG) opened at 56.54 on Friday. The firm has a 50-day moving average of $60.52 and a 200-day moving average of $64.65. The company has a market capitalization of $3.87 billion, a P/E ratio of 8.98 and a beta of 1.00. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46.

Signet Jewelers Limited (NYSE:SIG) last released its earnings results on Thursday, May 25th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business earned $1.95 EPS. The company’s quarterly revenue was down 11.1% on a year-over-year basis. On average, analysts anticipate that Signet Jewelers Limited will post $6.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, July 26th. Signet Jewelers Limited’s payout ratio is 19.97%.

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Several research analysts have commented on the stock. BidaskClub raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Instinet reaffirmed a “buy” rating and set a $70.00 price objective on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Bank of America Corporation reissued a “buy” rating and set a $75.00 target price on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Finally, Cowen and Company reissued a “market perform” rating and set a $54.00 target price on shares of Signet Jewelers Limited in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. Signet Jewelers Limited has a consensus rating of “Hold” and an average price target of $77.35.

In related news, Director H. Todd Stitzer purchased 2,090 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average cost of $47.91 per share, for a total transaction of $100,131.90. Following the transaction, the director now owns 16,823 shares of the company’s stock, valued at $805,989.93. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

About Signet Jewelers Limited

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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