Teachers Retirement System of The State of Kentucky cut its position in shares of Signet Jewelers Ltd. (NYSE:SIG) by 34.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,981 shares of the company’s stock after selling 4,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Signet Jewelers were worth $847,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. P.A.W. Capital Corp acquired a new position in shares of Signet Jewelers during the third quarter worth about $596,000. Strs Ohio boosted its position in shares of Signet Jewelers by 71.2% in the third quarter. Strs Ohio now owns 125,000 shares of the company’s stock worth $9,316,000 after buying an additional 51,991 shares in the last quarter. First Merchants Corp acquired a new position in shares of Signet Jewelers during the third quarter worth about $1,086,000. Regentatlantic Capital LLC boosted its position in shares of Signet Jewelers by 0.9% in the third quarter. Regentatlantic Capital LLC now owns 5,007 shares of the company’s stock worth $373,000 after buying an additional 45 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Signet Jewelers by 2.5% in the third quarter. Gateway Investment Advisers LLC now owns 7,039 shares of the company’s stock worth $525,000 after buying an additional 171 shares in the last quarter.
Shares of Signet Jewelers Ltd. (NYSE:SIG) opened at 67.50 on Tuesday. The stock has a 50 day moving average of $71.51 and a 200 day moving average of $81.68. Signet Jewelers Ltd. has a 12-month low of $62.10 and a 12-month high of $125.45. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 9.53 and a beta of 1.20.
Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, March 9th. The company reported $4.03 EPS for the quarter, topping the Zacks’ consensus estimate of $4.00 by $0.03. Signet Jewelers had a net margin of 7.93% and a return on equity of 19.67%. The firm earned $2.27 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the business posted $3.63 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts expect that Signet Jewelers Ltd. will post $7.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, April 28th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.84%. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, April 26th. Signet Jewelers’s payout ratio is 15.88%.
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A number of brokerages have recently issued reports on SIG. Zacks Investment Research upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Saturday, December 10th. Nomura set a $100.00 price objective on shares of Signet Jewelers and gave the company a “buy” rating in a research note on Wednesday, November 23rd. Wells Fargo & Co restated an “outperform” rating and issued a $109.00 price objective (up previously from $102.50) on shares of Signet Jewelers in a research note on Monday, November 28th. Citigroup Inc restated a “neutral” rating and issued a $90.00 price objective (up previously from $83.00) on shares of Signet Jewelers in a research note on Saturday, November 26th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $92.00 price objective (down previously from $100.00) on shares of Signet Jewelers in a research note on Thursday, January 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $95.67.
About Signet Jewelers
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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