First Trust Advisors LP lessened its position in Signet Jewelers Ltd. (NYSE:SIG) by 59.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,714 shares of the company’s stock after selling 84,401 shares during the period. First Trust Advisors LP owned approximately 0.10% of Signet Jewelers worth $3,264,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. 1060 Capital LLC acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at about $19,793,000. Dimensional Fund Advisors LP lifted its stake in shares of Signet Jewelers by 30.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,446,968 shares of the company’s stock valued at $96,298,000 after purchasing an additional 340,761 shares during the period. Todd Asset Management LLC acquired a new stake in shares of Signet Jewelers in the third quarter valued at about $15,663,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Signet Jewelers by 2,731.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 237,800 shares of the company’s stock valued at $15,826,000 after purchasing an additional 229,400 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Signet Jewelers in the third quarter valued at about $7,863,000.
Several analysts recently commented on SIG shares. Bank of America set a $66.00 price objective on shares of Signet Jewelers and gave the company a “buy” rating in a research note on Saturday, November 25th. Nomura reiterated a “buy” rating and issued a $64.00 price objective on shares of Signet Jewelers in a research note on Wednesday, November 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Signet Jewelers in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. Vetr cut shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 price objective for the company. in a research note on Monday, December 11th. Finally, ValuEngine upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.78.
Signet Jewelers Ltd. (NYSE:SIG) opened at $47.91 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. Signet Jewelers Ltd. has a twelve month low of $46.09 and a twelve month high of $77.94. The firm has a market cap of $2,959.23, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.01 and a beta of 0.73.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were issued a dividend of $0.31 per share. The ex-dividend date was Thursday, February 1st. This represents a $1.24 annualized dividend and a yield of 2.59%. Signet Jewelers’s dividend payout ratio (DPR) is currently 20.39%.
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Signet Jewelers 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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