Signet Jewelers Limited (SIG) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. decreased its position in shares of Signet Jewelers Limited (NYSE:SIG) by 34.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,137 shares of the company’s stock after selling 2,132 shares during the period. PNC Financial Services Group Inc.’s holdings in Signet Jewelers Limited were worth $261,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SIG. Commonwealth Bank of Australia grew its holdings in shares of Signet Jewelers Limited by 5.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after acquiring an additional 85 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Signet Jewelers Limited in the 1st quarter worth approximately $115,000. ING Groep NV bought a new stake in shares of Signet Jewelers Limited in the 2nd quarter worth approximately $240,000. Gateway Investment Advisers LLC boosted its position in shares of Signet Jewelers Limited by 1.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock worth $329,000 after purchasing an additional 91 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Signet Jewelers Limited by 29.5% in the 2nd quarter. LS Investment Advisors LLC now owns 5,301 shares of the company’s stock worth $335,000 after purchasing an additional 1,206 shares in the last quarter.
Signet Jewelers Limited (SIG) opened at 65.96 on Monday. The company has a 50-day moving average price of $65.49 and a 200 day moving average price of $61.70. The company has a market capitalization of $3.99 billion, a PE ratio of 9.93 and a beta of 0.98. 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 results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Signet Jewelers Limited will post $7.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, October 26th. Signet Jewelers Limited’s dividend payout ratio is currently 19.14%.
A number of analysts have recently commented on SIG shares. Wells Fargo & Company set a $97.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Nomura set a $70.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Tuesday, July 18th. BidaskClub raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Buckingham Research reissued a “neutral” rating and issued a $51.00 price target on shares of Signet Jewelers Limited in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.93.
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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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