Renaissance Technologies LLC acquired a new position in Signet Jewelers Limited (NYSE:SIG) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 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 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. raised its stake in shares of Signet Jewelers Limited by 1.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 288,150 shares of the company’s stock worth $27,161,000 after buying an additional 2,857 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Signet Jewelers Limited during the fourth quarter worth about $476,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Signet Jewelers Limited during the fourth quarter worth about $212,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Signet Jewelers Limited by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 59,999 shares of the company’s stock worth $4,157,000 after buying an additional 1,397 shares during the last quarter. Finally, Skylands Capital LLC raised its stake in shares of Signet Jewelers Limited by 46.7% in the first quarter. Skylands Capital LLC now owns 114,250 shares of the company’s stock worth $7,914,000 after buying an additional 36,350 shares during the last quarter.
Signet Jewelers Limited (NYSE SIG) traded down 0.94% during trading on Friday, reaching $53.59. The company’s stock had a trading volume of 1,167,552 shares. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46. The firm’s 50-day moving average is $59.46 and its 200-day moving average is $63.68. The stock has a market cap of $3.67 billion, a P/E ratio of 8.51 and a beta of 1.00.
Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by $0.63. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.46 billion. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The company’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 earnings per share. Equities research analysts forecast that Signet Jewelers Limited will post $6.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Friday, July 28th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $1.24 annualized dividend and a yield of 2.31%. Signet Jewelers Limited’s dividend payout ratio is currently 19.97%.
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Several equities analysts have recently weighed in on SIG shares. Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 price objective (down from $65.00) on shares of Signet Jewelers Limited in a research note on Sunday, May 28th. Bank of America Corporation set a $75.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Thursday, June 8th. CL King lowered Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research note on Friday, May 26th. Buckingham Research lowered Signet Jewelers Limited from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $86.00 to $65.00 in a research note on Wednesday, May 24th. Finally, Nomura set a $70.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $77.35.
In other news, Director H. Todd Stitzer acquired 2,090 shares of the stock in a transaction on Wednesday, May 31st. The stock was acquired at an average cost of $47.91 per share, for a total transaction of $100,131.90. Following the completion of the transaction, the director now directly owns 16,823 shares in the company, valued at $805,989.93. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is owned by insiders.
Signet Jewelers Limited 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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