Arizona State Retirement System Buys 167 Shares of Signet Jewelers Limited (NYSE:SIG)

Arizona State Retirement System raised its stake in Signet Jewelers Limited (NYSE:SIGGet Rating) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,342 shares of the company’s stock after buying an additional 167 shares during the quarter. Arizona State Retirement System’s holdings in Signet Jewelers were worth $1,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Select Equity Group L.P. raised its position in Signet Jewelers by 5.9% during the fourth quarter. Select Equity Group L.P. now owns 5,541,332 shares of the company’s stock worth $482,262,000 after acquiring an additional 311,188 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Signet Jewelers by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 934,346 shares of the company’s stock valued at $81,320,000 after purchasing an additional 33,967 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Signet Jewelers by 0.9% in the fourth quarter. Northern Trust Corp now owns 847,755 shares of the company’s stock valued at $73,780,000 after purchasing an additional 7,280 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Signet Jewelers by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 824,014 shares of the company’s stock valued at $71,714,000 after purchasing an additional 44,266 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of Signet Jewelers by 28.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 754,400 shares of the company’s stock valued at $65,655,000 after purchasing an additional 167,287 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on SIG shares. Citigroup decreased their price target on shares of Signet Jewelers from $94.00 to $76.00 and set a “neutral” rating on the stock in a research note on Friday, June 10th. Telsey Advisory Group decreased their price target on shares of Signet Jewelers from $100.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, June 10th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. UBS Group decreased their price target on shares of Signet Jewelers from $138.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, June 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Signet Jewelers from $140.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.80.

Signet Jewelers Stock Up 0.3 %

SIG stock opened at $61.48 on Wednesday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.61 and a beta of 2.30. The company has a current ratio of 1.64, a quick ratio of 0.61 and a debt-to-equity ratio of 0.12. Signet Jewelers Limited has a 12 month low of $48.31 and a 12 month high of $111.92. The firm has a 50-day moving average price of $58.60 and a 200-day moving average price of $68.85.

Signet Jewelers (NYSE:SIGGet Rating) last posted its earnings results on Thursday, June 9th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Signet Jewelers had a net margin of 6.87% and a return on equity of 52.99%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.23 earnings per share. As a group, equities research analysts anticipate that Signet Jewelers Limited will post 12.47 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, July 29th will be issued a $0.20 dividend. The ex-dividend date is Thursday, July 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.91%.

Insider Activity at Signet Jewelers

In related news, insider Oded Edelman sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the completion of the transaction, the insider now owns 65,398 shares in the company, valued at approximately $3,676,021.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Oded Edelman sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the completion of the transaction, the insider now owns 65,398 shares in the company, valued at approximately $3,676,021.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stephen E. Lovejoy sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $57.37, for a total transaction of $573,700.00. Following the sale, the insider now directly owns 88,732 shares of the company’s stock, valued at approximately $5,090,554.84. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $3,084,700 in the last quarter. 1.76% of the stock is owned by insiders.

Signet Jewelers Company Profile

(Get Rating)

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.

Further Reading

Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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