US Bancorp DE raised its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 99.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,598 shares of the company's stock after acquiring an additional 9,778 shares during the quarter. US Bancorp DE's holdings in Signet Jewelers were worth $1,582,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of SIG. Harbor Capital Advisors Inc. acquired a new position in Signet Jewelers in the third quarter valued at approximately $25,000. Van ECK Associates Corp lifted its holdings in Signet Jewelers by 40.0% in the third quarter. Van ECK Associates Corp now owns 28,081 shares of the company's stock valued at $2,896,000 after acquiring an additional 8,024 shares during the period. Atria Investments Inc acquired a new position in Signet Jewelers in the third quarter valued at approximately $254,000. State of New Jersey Common Pension Fund D increased its position in shares of Signet Jewelers by 33.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 24,096 shares of the company's stock valued at $2,485,000 after buying an additional 6,079 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Signet Jewelers in the third quarter valued at approximately $977,000.
Signet Jewelers Price Performance
Shares of SIG traded up $0.13 during trading hours on Friday, hitting $50.13. 1,111,913 shares of the stock were exchanged, compared to its average volume of 1,028,992. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. Signet Jewelers Limited has a 12-month low of $46.66 and a 12-month high of $112.06. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. The stock's 50-day moving average price is $59.94 and its two-hundred day moving average price is $80.49.
Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts expect that Signet Jewelers Limited will post 8.73 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on SIG shares. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Wells Fargo & Company cut their price objective on Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Bank of America cut their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Finally, Telsey Advisory Group cut their price objective on Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.20.
Read Our Latest Analysis on SIG
Insider Buying and Selling at Signet Jewelers
In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now directly owns 22,752 shares in the company, valued at $1,231,565.76. This represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.26% of the stock is owned by company insiders.
Signet Jewelers Profile
(
Free Report)
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 Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.
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