Signet Jewelers Limited (SIG) Shares Sold by Westpac Banking Corp
Westpac Banking Corp lessened its position in shares of Signet Jewelers Limited (NYSE:SIG) by 90.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,361 shares of the company’s stock after selling 40,838 shares during the period. Westpac Banking Corp’s holdings in Signet Jewelers Limited were worth $276,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Delta Lloyd Asset Management N.V. bought a new stake in shares of Signet Jewelers Limited during the second quarter worth approximately $689,000. Swiss National Bank boosted its holdings in shares of Signet Jewelers Limited by 2.6% during the second quarter. Swiss National Bank now owns 227,600 shares of the company’s stock worth $14,393,000 after acquiring an additional 5,700 shares during the period. ARGA Investment Management LP boosted its holdings in shares of Signet Jewelers Limited by 7,204.6% during the second quarter. ARGA Investment Management LP now owns 394,449 shares of the company’s stock worth $24,945,000 after acquiring an additional 389,049 shares during the period. Allen Investment Management LLC boosted its holdings in shares of Signet Jewelers Limited by 8.0% during the second quarter. Allen Investment Management LLC now owns 13,912 shares of the company’s stock worth $880,000 after acquiring an additional 1,029 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Signet Jewelers Limited by 2.2% during the second quarter. Neuberger Berman Group LLC now owns 82,300 shares of the company’s stock worth $5,205,000 after acquiring an additional 1,754 shares during the period.
A number of equities research analysts have recently issued reports on SIG shares. ValuEngine cut Signet Jewelers Limited from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. CL King cut Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 price objective for the company. in a report on Friday, May 26th. Nomura set a $70.00 price objective on Signet Jewelers Limited and gave the stock a “buy” rating in a report on Tuesday, July 18th. Zacks Investment Research upgraded Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, September 4th. Finally, Bank of America Corporation restated a “buy” rating and set a $75.00 price objective on shares of Signet Jewelers Limited in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $71.63.
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Shares of Signet Jewelers Limited (NYSE SIG) opened at 69.75 on Monday. The company has a 50 day moving average price of $60.86 and a 200 day moving average price of $62.17. The company has a market capitalization of $4.22 billion, a PE ratio of 10.50 and a beta of 0.99. Signet Jewelers Limited has a 52 week low of $46.09 and a 52 week high of $101.46.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business earned $1.14 EPS. Signet Jewelers Limited’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Signet Jewelers Limited will post $7.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.78%. Signet Jewelers Limited’s dividend payout ratio is 19.14%.
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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