Shell Asset Management Co. Has $510,000 Stake in Signet Jewelers Limited (NYSE:SIG)

Shell Asset Management Co. trimmed its position in shares of Signet Jewelers Limited (NYSE:SIGGet Rating) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,020 shares of the company’s stock after selling 1,038 shares during the quarter. Shell Asset Management Co.’s holdings in Signet Jewelers were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. USA Financial Portformulas Corp acquired a new stake in Signet Jewelers in the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC bought a new position in Signet Jewelers in the 4th quarter worth approximately $34,000. Lazard Asset Management LLC increased its position in Signet Jewelers by 54.4% in the 4th quarter. Lazard Asset Management LLC now owns 585 shares of the company’s stock worth $50,000 after buying an additional 206 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Signet Jewelers in the 4th quarter worth approximately $85,000. Finally, UMB Bank N A MO bought a new position in Signet Jewelers in the 4th quarter worth approximately $87,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Signet Jewelers Stock Performance

Shares of NYSE:SIG opened at $64.62 on Thursday. The business’s fifty day moving average price is $58.76 and its two-hundred day moving average price is $68.82. Signet Jewelers Limited has a fifty-two week low of $48.31 and a fifty-two week high of $111.92. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.61 and a beta of 2.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.64 and a quick ratio of 0.61.

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

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, July 28th. Signet Jewelers’s dividend payout ratio is currently 9.91%.

Insiders Place Their Bets

In other Signet Jewelers news, insider Stephen E. Lovejoy sold 10,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $57.37, for a total value of $573,700.00. Following the transaction, the insider now owns 88,732 shares of the company’s stock, valued at $5,090,554.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Stephen E. Lovejoy sold 10,000 shares of the company’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $57.37, for a total transaction of $573,700.00. Following the transaction, the insider now owns 88,732 shares of the company’s stock, valued at $5,090,554.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Oded Edelman sold 20,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 65,398 shares in the company, valued at approximately $3,676,021.58. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Telsey Advisory Group dropped their price target on Signet Jewelers from $100.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, June 10th. UBS Group lowered their price objective on Signet Jewelers from $138.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, June 10th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, Citigroup lowered their price objective on Signet Jewelers from $94.00 to $76.00 and set a “neutral” rating on the stock in a research report on Friday, June 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $94.80.

Signet Jewelers Profile

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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.

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

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