6 days Ago By ABMN Staff
Alliancebernstein L.P. cut its stake in Signet Jewelers Limited ( NYSE:SIG – Free Report ) by 72.
8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,185 shares of the company’s stock after selling 126,603 shares during the period. Alliancebernstein L.
P.’s holdings in Signet Jewelers were worth $3,808,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock.
Norges Bank acquired a new stake in shares of Signet Jewelers during the fourth quarter worth about $40,989,000. American Century Companies Inc. grew its stake in Signet Jewelers by 18.
9% during the 4th quarter. American Century Companies Inc. now owns 1,150,441 shares of the company’s stock worth $92,852,000 after buying an additional 182,948 shares during the last quarter.
William Blair Investment Management LLC increased its position in Signet Jewelers by 33.2% during the fourth quarter. William Blair Investment Management LLC now owns 309,129 shares of the company’s stock worth $24,950,000 after buying an additional 76,966 shares during the period.
Nordea Investment Management AB increased its position in Signet Jewelers by 36.3% during the fourth quarter. Nordea Investment Management AB now owns 132,070 shares of the company’s stock worth $10,704,000 after buying an additional 35,174 shares during the period.
Finally, Magnetar Financial LLC purchased a new stake in Signet Jewelers in the fourth quarter valued at approximately $2,418,000. Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on the stock. Cfra Research upgraded shares of Signet Jewelers to a “moderate buy” rating in a research report on Thursday, March 20th.
Bank of America lowered their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th.
Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $70.00 target price (down from $80.00) on shares of Signet Jewelers in a report on Tuesday, April 8th.
Telsey Advisory Group reiterated a “market perform” rating and set a $55.00 target price on shares of Signet Jewelers in a research note on Wednesday, March 19th. Finally, UBS Group boosted their price target on Signet Jewelers from $85.
00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company.
Based on data from MarketBeat, Signet Jewelers has an average rating of “Hold” and a consensus price target of $79.60. Insider Activity at Signet Jewelers In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Friday, February 21st.
The shares were sold at an average price of $54.13, for a total value of $180,415.29.
Following the completion of the transaction, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This trade represents a 12.
78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, CEO James Kevin Symancyk purchased 15,000 shares of the firm’s stock in a transaction dated Monday, March 31st.
The shares were purchased at an average cost of $57.45 per share, for a total transaction of $861,750.00.
Following the purchase, the chief executive officer now directly owns 50,710 shares in the company, valued at approximately $2,913,289.50. This represents a 42.
01 % increase in their ownership of the stock. The disclosure for this purchase can be found here . Company insiders own 3.
26% of the company’s stock. Signet Jewelers Stock Down 1.3 % Shares of Signet Jewelers stock opened at $57.
55 on Tuesday. Signet Jewelers Limited has a one year low of $45.55 and a one year high of $112.
06. The company has a market cap of $2.47 billion, a P/E ratio of 6.
62, a PEG ratio of 3.43 and a beta of 1.63.
The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.
55. The firm has a fifty day moving average of $53.91 and a two-hundred day moving average of $74.
29. Signet Jewelers ( NYSE:SIG – Get Free Report ) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $6.
62 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.39 by $0.23.
Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%.
The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion.
During the same period in the prior year, the company posted $6.73 earnings per share. The firm’s revenue for the quarter was down 5.
8% on a year-over-year basis. On average, analysts forecast that Signet Jewelers Limited will post 8.73 earnings per share for the current year.
Signet Jewelers Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be issued a $0.32 dividend.
This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.
28 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, April 25th.
Signet Jewelers’s dividend payout ratio (DPR) is currently -168.42%. About Signet Jewelers ( Free Report ) Signet Jewelers Limited operates as a diamond jewelry retailer.
It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile. See Also Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Signet Jewelers Limited ( NYSE:SIG – Free Report ). Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter .
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