Oregon Public Employees Retirement Fund held its position in Signet Jewelers Limited (NYSE:SIG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,904 shares of the company’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Signet Jewelers Limited were worth $500,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Signet Jewelers Limited during the first quarter valued at $115,000. James Investment Research Inc. bought a new position in Signet Jewelers Limited during the first quarter valued at $133,000. Daiwa Securities Group Inc. raised its position in Signet Jewelers Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock valued at $145,000 after buying an additional 300 shares during the last quarter. FNY Managed Accounts LLC bought a new position in Signet Jewelers Limited during the first quarter valued at $153,000. Finally, Nordea Investment Management AB raised its position in Signet Jewelers Limited by 2.5% in the first quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock valued at $187,000 after buying an additional 65 shares during the last quarter.
Signet Jewelers Limited (NYSE:SIG) opened at 53.59 on Friday. The firm has a 50-day moving average price of $59.46 and a 200-day moving average price of $63.68. The company has a market capitalization of $3.67 billion, a P/E ratio of 8.51 and a beta of 1.00. Signet Jewelers Limited has a 1-year low of $46.09 and a 1-year high of $101.46.
Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings data on Thursday, May 25th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 earnings per share. On average, analysts forecast that Signet Jewelers Limited will post $6.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, July 26th. Signet Jewelers Limited’s dividend payout ratio is presently 19.97%.
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A number of research firms have recently commented on SIG. BidaskClub lowered Signet Jewelers Limited from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $75.00 price target (down previously from $90.00) on shares of Signet Jewelers Limited in a research report on Sunday, May 28th. Telsey Advisory Group dropped their price target on Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating on the stock in a research report on Friday, May 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $69.00 price target on shares of Signet Jewelers Limited in a research report on Saturday. Finally, Royal Bank Of Canada set a $63.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Friday, May 26th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.35.
In other Signet Jewelers Limited news, Director H. Todd Stitzer bought 2,090 shares of Signet Jewelers Limited stock in a transaction dated Wednesday, May 31st. The stock was bought at an average cost of $47.91 per share, with a total value of $100,131.90. Following the completion of the acquisition, the director now directly owns 16,823 shares in the company, valued at approximately $805,989.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.
Signet Jewelers Limited Company Profile
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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