Stephens Inc. AR Sells 2,189 Shares of Signet Jewelers Limited (SIG)
Stephens Inc. AR trimmed its stake in Signet Jewelers Limited (NYSE:SIG) by 1.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,277 shares of the company’s stock after selling 2,189 shares during the quarter. Stephens Inc. AR owned approximately 0.21% of Signet Jewelers Limited worth $8,271,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Signet Jewelers Limited in the 3rd quarter worth $2,026,000. Cipher Capital LP acquired a new position in shares of Signet Jewelers Limited in the 3rd quarter worth $1,500,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Signet Jewelers Limited by 375.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 77,125 shares of the company’s stock worth $4,259,000 after acquiring an additional 60,897 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Signet Jewelers Limited in the 3rd quarter worth $3,120,000. Finally, Todd Asset Management LLC acquired a new position in shares of Signet Jewelers Limited in the 3rd quarter worth $15,663,000.
SIG has been the subject of several recent analyst reports. Zacks Investment Research raised Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Monday, September 4th. Instinet reaffirmed a “buy” rating and issued a $73.00 target price (up previously from $70.00) on shares of Signet Jewelers Limited in a research report on Monday, August 28th. ValuEngine cut Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company reaffirmed a “market perform” rating and issued a $67.00 target price (up previously from $61.00) on shares of Signet Jewelers Limited in a research report on Tuesday, September 12th. Finally, BidaskClub raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Signet Jewelers Limited has a consensus rating of “Hold” and a consensus target price of $70.60.
Signet Jewelers Limited (NYSE:SIG) traded up $2.38 on Friday, reaching $76.58. The company had a trading volume of 2,839,683 shares, compared to its average volume of 1,678,955. The firm has a market capitalization of $4,630.03, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46. The company has a current ratio of 2.40, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. research analysts forecast that Signet Jewelers Limited will post 7.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be given 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 dividend yield of 1.62%. Signet Jewelers Limited’s dividend payout ratio is currently 19.14%.
About Signet Jewelers Limited
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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