State of Wisconsin Investment Board Has $3,744,000 Stake in Signet Jewelers Ltd. (SIG)
State of Wisconsin Investment Board cut its stake in Signet Jewelers Ltd. (NYSE:SIG) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,233 shares of the company’s stock after selling 1,900 shares during the period. State of Wisconsin Investment Board owned 0.07% of Signet Jewelers worth $3,744,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in SIG. Pacer Advisors Inc. boosted its position in shares of Signet Jewelers by 6.8% in the second quarter. Pacer Advisors Inc. now owns 1,561 shares of the company’s stock worth $129,000 after buying an additional 100 shares in the last quarter. MU Investments Co. Ltd. purchased a new position in shares of Signet Jewelers during the second quarter worth $148,000. FNY Managed Accounts LLC purchased a new position in shares of Signet Jewelers during the second quarter worth $181,000. Copper Rock Capital Partners LLC purchased a new position in shares of Signet Jewelers during the third quarter worth $188,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Signet Jewelers by 2.0% in the second quarter. Advisors Asset Management Inc. now owns 2,389 shares of the company’s stock worth $197,000 after buying an additional 46 shares in the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Signet Jewelers Ltd. (NYSE:SIG) traded down 0.46% on Tuesday, reaching $91.82. The company’s stock had a trading volume of 1,371,599 shares. The firm has a 50-day moving average price of $84.61 and a 200 day moving average price of $86.33. Signet Jewelers Ltd. has a one year low of $72.65 and a one year high of $135.59. The firm has a market capitalization of $6.39 billion, a PE ratio of 13.75 and a beta of 1.17.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. Signet Jewelers had a return on equity of 19.67% and a net margin of 7.93%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts anticipate that Signet Jewelers Ltd. will post $6.98 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the company. Nomura set a $100.00 price objective on Signet Jewelers and gave the company a “buy” rating in a report on Wednesday, November 23rd. Zacks Investment Research upgraded Signet Jewelers from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup Inc. restated a “neutral” rating and set a $90.00 price target (up from $83.00) on shares of Signet Jewelers in a research report on Saturday. Wells Fargo & Co. restated an “outperform” rating and set a $109.00 price target (up from $102.50) on shares of Signet Jewelers in a research report on Monday. Finally, Deutsche Bank AG reduced their price target on Signet Jewelers from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $107.19.
Signet Jewelers Company Profile
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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