APG Asset Management N.V. decreased its holdings in Signet Jewelers Limited (NYSE:SIG) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 130,858 shares of the company’s stock after selling 46,600 shares during the period. APG Asset Management N.V. owned approximately 0.22% of Signet Jewelers Limited worth $8,709,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Signet Jewelers Limited by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock valued at $420,569,000 after purchasing an additional 97,075 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Signet Jewelers Limited by 1.7% in the 2nd quarter. Capital Research Global Investors now owns 5,377,336 shares of the company’s stock valued at $340,063,000 after purchasing an additional 88,336 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Signet Jewelers Limited by 6.6% during the 2nd quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock valued at $279,313,000 after acquiring an additional 272,979 shares in the last quarter. State Street Corp boosted its holdings in shares of Signet Jewelers Limited by 2.1% during the 2nd quarter. State Street Corp now owns 3,365,495 shares of the company’s stock valued at $212,841,000 after acquiring an additional 69,756 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in shares of Signet Jewelers Limited by 14.1% during the 2nd quarter. Investec Asset Management LTD now owns 1,902,829 shares of the company’s stock valued at $120,335,000 after acquiring an additional 235,207 shares in the last quarter.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. Signet Jewelers Limited’s dividend payout ratio (DPR) is currently 19.14%.
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Several equities research analysts recently weighed in on SIG shares. Cowen and Company reissued a “hold” rating on shares of Signet Jewelers Limited in a report on Tuesday, July 18th. Nomura set a $70.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. Needham & Company LLC started coverage on Signet Jewelers Limited in a report on Tuesday, July 18th. They set a “buy” rating and a $69.00 price objective on the stock. BidaskClub downgraded Signet Jewelers Limited from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $70.25.
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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