Clearbridge Investments LLC grew its holdings in Signet Jewelers Ltd. (NYSE:SIG) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,540,998 shares of the company’s stock after purchasing an additional 233,282 shares during the quarter. Clearbridge Investments LLC owned about 2.55% of Signet Jewelers worth $87,143,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of SIG. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at about $109,000. Delpha Capital Management LLC acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at about $113,000. First Mercantile Trust Co. acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at about $157,000. Monroe Bank & Trust MI acquired a new stake in shares of Signet Jewelers in the third quarter valued at about $179,000. Finally, GSA Capital Partners LLP acquired a new stake in Signet Jewelers during the third quarter worth about $202,000.
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. set a $52.00 target price on Signet Jewelers and gave the stock a “hold” rating in a research report on Monday. Needham & Company LLC reissued a “buy” rating and set a $60.00 target price on shares of Signet Jewelers in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Telsey Advisory Group decreased their target price on Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded Signet Jewelers from a “hold” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada decreased their target price on Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $62.78.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Thursday, February 1st. Signet Jewelers’s dividend payout ratio is 21.53%.
In other Signet Jewelers news, insider Oded Edelman purchased 90,398 shares of the business’s stock in a transaction on Friday, January 12th. The stock was purchased at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the completion of the purchase, the insider now directly owns 33,962 shares in the company, valued at $1,878,438.22. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.
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About Signet Jewelers
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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