Signet Jewelers Limited $SIG Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in Signet Jewelers Limited (NYSE:SIG) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,572 shares of the company’s stock after selling 19,504 shares during the quarter. Royce & Associates LP’s holdings in Signet Jewelers were worth $15,795,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in Signet Jewelers in the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its stake in Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $31,000 after purchasing an additional 124 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Signet Jewelers in the third quarter valued at approximately $64,000. EverSource Wealth Advisors LLC increased its stake in Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after purchasing an additional 428 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Signet Jewelers in the third quarter valued at approximately $82,000.

Analyst Ratings Changes

Several equities analysts have commented on SIG shares. Wall Street Zen lowered shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $96.00 price target on shares of Signet Jewelers in a research note on Thursday, March 19th. Jefferies Financial Group restated a “buy” rating on shares of Signet Jewelers in a research report on Monday, March 9th. Finally, Wells Fargo & Company raised their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.38.

Signet Jewelers Stock Up 3.2%

NYSE:SIG opened at $84.20 on Wednesday. The company has a market capitalization of $3.37 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. Signet Jewelers Limited has a 52-week low of $64.00 and a 52-week high of $110.20. The stock has a fifty day simple moving average of $86.31 and a 200-day simple moving average of $89.99.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, March 19th. The company reported $6.25 EPS for the quarter, topping analysts’ consensus estimates of $6.11 by $0.14. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $6.62 EPS. As a group, equities analysts anticipate that Signet Jewelers Limited will post 10.3 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were given a dividend of $0.35 per share. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.40 annualized dividend and a yield of 1.7%. Signet Jewelers’s dividend payout ratio is presently 17.95%.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.