Signet Jewelers Limited (SIG) Holdings Increased by Southeast Asset Advisors Inc.
Southeast Asset Advisors Inc. grew its holdings in shares of Signet Jewelers Limited (NYSE:SIG) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,876 shares of the company’s stock after buying an additional 2,343 shares during the period. Signet Jewelers Limited accounts for about 0.8% of Southeast Asset Advisors Inc.’s holdings, making the stock its 18th largest holding. Southeast Asset Advisors Inc. owned about 0.06% of Signet Jewelers Limited worth $2,395,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Bank of Australia increased its holdings in shares of Signet Jewelers Limited by 5.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after acquiring an additional 85 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Signet Jewelers Limited during the 1st quarter worth about $115,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of Signet Jewelers Limited during the 2nd quarter worth about $121,000. FNY Managed Accounts LLC acquired a new stake in shares of Signet Jewelers Limited during the 1st quarter worth about $153,000. Finally, Nordea Investment Management AB raised its position in shares of Signet Jewelers Limited by 2.5% during the 1st quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock worth $187,000 after acquiring an additional 65 shares in the last quarter.
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Signet Jewelers Limited (NYSE SIG) traded down 0.72% on Wednesday, reaching $67.14. The company’s stock had a trading volume of 492,422 shares. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46. The firm has a 50-day moving average price of $63.06 and a 200 day moving average price of $62.05. The firm has a market capitalization of $4.06 billion, a P/E ratio of 10.11 and a beta of 0.98.
Signet Jewelers Limited (NYSE:SIG) last announced its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts anticipate that Signet Jewelers Limited will post $7.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.14%.
Several equities analysts have commented on SIG shares. Instinet reiterated a “buy” rating and issued a $70.00 price target on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Cowen and Company reaffirmed a “market perform” rating and issued a $67.00 target price (up from $61.00) on shares of Signet Jewelers Limited in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC assumed coverage on shares of Signet Jewelers Limited in a research note on Tuesday, July 18th. They issued a “buy” rating and a $69.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $63.00 price objective on shares of Signet Jewelers Limited in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Signet Jewelers Limited presently has an average rating of “Hold” and an average price target of $70.93.
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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