Nordea Investment Management AB held its position in shares of Signet Jewelers Limited (NYSE:SIG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,699 shares of the company’s stock at the end of the second quarter. Nordea Investment Management AB’s holdings in Signet Jewelers Limited were worth $171,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of SIG. Commonwealth Bank of Australia raised its stake in shares of Signet Jewelers Limited by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after purchasing an additional 85 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Signet Jewelers Limited during the first quarter valued at $115,000. FNY Managed Accounts LLC purchased a new stake in Signet Jewelers Limited during the first quarter valued at $153,000. ING Groep NV purchased a new stake in Signet Jewelers Limited during the second quarter valued at $240,000. Finally, Soros Fund Management LLC purchased a new stake in Signet Jewelers Limited during the first quarter valued at $256,000.
Shares of Signet Jewelers Limited (SIG) opened at 61.59 on Friday. The firm’s 50-day moving average price is $65.56 and its 200 day moving average price is $62.03. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 9.27 and a beta of 0.98.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. On average, analysts predict that Signet Jewelers Limited will post $7.02 earnings per share for the current year.
The business also recently disclosed 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. The ex-dividend date is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.01%. Signet Jewelers Limited’s payout ratio is currently 19.14%.
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A number of research firms recently commented on SIG. ValuEngine upgraded Signet Jewelers Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Northcoast Research reiterated a “neutral” rating on shares of Signet Jewelers Limited in a research report on Friday, September 29th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price objective on shares of Signet Jewelers Limited in a research report on Thursday, August 17th. Zacks Investment Research upgraded Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Telsey Advisory Group upped their price objective on Signet Jewelers Limited from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Signet Jewelers Limited presently has a consensus rating of “Hold” and a consensus price target 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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