State of Tennessee Treasury Department grew its stake in Signet Jewelers Limited (NYSE:SIG) by 261.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,709 shares of the company’s stock after buying an additional 49,718 shares during the period. State of Tennessee Treasury Department owned approximately 0.10% of Signet Jewelers Limited worth $4,345,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SIG. Retirement Systems of Alabama grew its stake in Signet Jewelers Limited by 2.0% in the 1st quarter. Retirement Systems of Alabama now owns 33,641 shares of the company’s stock worth $2,330,000 after buying an additional 662 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Signet Jewelers Limited by 62.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,143 shares of the company’s stock worth $356,000 after buying an additional 1,978 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Signet Jewelers Limited by 21.2% in the 1st quarter. Russell Investments Group Ltd. now owns 64,114 shares of the company’s stock valued at $4,449,000 after purchasing an additional 11,229 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Signet Jewelers Limited by 0.4% in the 1st quarter. State Treasurer State of Michigan now owns 22,844 shares of the company’s stock valued at $1,582,000 after purchasing an additional 100 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Signet Jewelers Limited by 123.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,898 shares of the company’s stock valued at $426,000 after purchasing an additional 3,257 shares in the last quarter.

Shares of Signet Jewelers Limited (NYSE SIG) opened at 68.30 on Wednesday. The company’s 50-day moving average is $59.92 and its 200-day moving average is $62.14. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.28 and a beta of 0.99.

Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.10 by $0.23. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. Signet Jewelers Limited’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 earnings per share. Analysts predict that Signet Jewelers Limited will post $7.05 EPS for the current year.

The company 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. This represents a $1.24 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s payout ratio is 19.14%.

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A number of equities research analysts have recently issued reports on the stock. Cowen and Company reaffirmed a “market perform” rating and issued a $67.00 price objective (up previously from $61.00) on shares of Signet Jewelers Limited in a research note on Tuesday. ValuEngine cut shares of Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Monday, September 4th. BidaskClub raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $51.00 price objective on shares of Signet Jewelers Limited in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Signet Jewelers Limited has an average rating of “Hold” and an average target price of $71.63.

Signet Jewelers Limited Company 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.

Institutional Ownership by Quarter for Signet Jewelers Limited (NYSE:SIG)

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