Swiss National Bank Trims Position in Signet Jewelers Limited (NYSE:SIG)

Swiss National Bank cut its holdings in shares of Signet Jewelers Limited (NYSE:SIGGet Rating) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,000 shares of the company’s stock after selling 1,400 shares during the period. Swiss National Bank’s holdings in Signet Jewelers were worth $6,629,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SIG. Quadrant Capital Group LLC grew its stake in shares of Signet Jewelers by 153.3% in the first quarter. Quadrant Capital Group LLC now owns 423 shares of the company’s stock worth $31,000 after acquiring an additional 256 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Signet Jewelers during the second quarter valued at $37,000. Archer Investment Corp bought a new position in shares of Signet Jewelers during the first quarter valued at $51,000. Lazard Asset Management LLC lifted its holdings in Signet Jewelers by 115.4% in the second quarter. Lazard Asset Management LLC now owns 1,174 shares of the company’s stock valued at $62,000 after acquiring an additional 629 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in Signet Jewelers by 200.0% in the first quarter. Meeder Asset Management Inc. now owns 1,362 shares of the company’s stock valued at $99,000 after acquiring an additional 908 shares during the period. 97.87% of the stock is owned by hedge funds and other institutional investors.

Signet Jewelers Stock Down 0.6 %

NYSE SIG opened at $64.63 on Thursday. The stock’s 50-day moving average price is $60.27 and its 200-day moving average price is $60.41. The company has a quick ratio of 0.63, a current ratio of 1.77 and a debt-to-equity ratio of 0.11. Signet Jewelers Limited has a 52 week low of $48.31 and a 52 week high of $107.00. The company has a market capitalization of $2.99 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.70 and a beta of 2.19.

Signet Jewelers (NYSE:SIGGet Rating) last posted its quarterly earnings data on Thursday, September 1st. The company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.54 by $0.14. Signet Jewelers had a return on equity of 49.72% and a net margin of 5.90%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company earned $3.57 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that Signet Jewelers Limited will post 11.2 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, October 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, October 27th. Signet Jewelers’s dividend payout ratio (DPR) is currently 11.35%.

Insider Buying and Selling

In related news, insider Stephen E. Lovejoy sold 6,000 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $62.33, for a total transaction of $373,980.00. Following the completion of the sale, the insider now owns 82,732 shares in the company, valued at $5,156,685.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SIG has been the topic of a number of recent research reports. StockNews.com initiated coverage on Signet Jewelers in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Telsey Advisory Group lowered their target price on Signet Jewelers from $85.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, August 10th. Finally, Citigroup lowered their target price on Signet Jewelers from $76.00 to $65.00 in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $90.50.

Signet Jewelers 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.

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

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