California Public Employees Retirement System reduced its holdings in Signet Jewelers Ltd. (NYSE:SIG) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,369 shares of the company’s stock after selling 24,812 shares during the quarter. California Public Employees Retirement System owned 0.28% of Signet Jewelers worth $4,555,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Trust Advisors LP lifted its holdings in Signet Jewelers by 6.0% in the 4th quarter. First Trust Advisors LP now owns 22,075 shares of the company’s stock worth $701,000 after buying an additional 1,242 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Signet Jewelers in the 4th quarter worth approximately $3,918,000. Mackenzie Financial Corp lifted its holdings in Signet Jewelers by 3.5% in the 4th quarter. Mackenzie Financial Corp now owns 203,422 shares of the company’s stock worth $6,463,000 after buying an additional 6,876 shares during the period. Comerica Bank lifted its holdings in Signet Jewelers by 1.7% in the 4th quarter. Comerica Bank now owns 34,520 shares of the company’s stock worth $836,000 after buying an additional 582 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Signet Jewelers by 8.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 332,710 shares of the company’s stock worth $10,569,000 after buying an additional 25,500 shares during the period.
Several research firms have weighed in on SIG. Telsey Advisory Group dropped their price objective on Signet Jewelers from $60.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, December 11th. Zacks Investment Research cut Signet Jewelers from a “hold” rating to a “strong sell” rating in a report on Saturday, January 26th. Royal Bank of Canada dropped their price objective on Signet Jewelers to $46.00 and set an “in-line” rating for the company in a report on Friday, December 7th. Nomura set a $42.00 price objective on Signet Jewelers and gave the stock a “hold” rating in a report on Monday, December 10th. Finally, Wells Fargo & Co dropped their price objective on Signet Jewelers from $42.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Signet Jewelers has an average rating of “Hold” and a consensus target price of $41.53.
SIG opened at $27.13 on Friday. The company has a market capitalization of $1.41 billion, a PE ratio of 4.17, a PEG ratio of 1.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.20 and a quick ratio of 0.27. Signet Jewelers Ltd. has a 52 week low of $23.61 and a 52 week high of $71.07.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 1st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Thursday, January 31st. Signet Jewelers’s payout ratio is presently 22.73%.
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Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.
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