Ajo LP reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 25.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 453,575 shares of the company’s stock after selling 154,322 shares during the period. Ajo LP owned approximately 0.87% of Signet Jewelers worth $8,481,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Signet Jewelers by 22.3% in the first quarter. State Street Corp now owns 2,225,013 shares of the company’s stock valued at $14,351,000 after purchasing an additional 405,193 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Signet Jewelers by 53.5% during the second quarter. Goldman Sachs Group Inc. now owns 690,836 shares of the company’s stock worth $7,095,000 after buying an additional 240,670 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Signet Jewelers by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 651,456 shares of the company’s stock worth $6,690,000 after buying an additional 17,675 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Signet Jewelers during the third quarter worth $12,022,000. Finally, Principal Financial Group Inc. increased its holdings in Signet Jewelers by 13.7% during the third quarter. Principal Financial Group Inc. now owns 550,807 shares of the company’s stock worth $10,300,000 after buying an additional 66,185 shares during the last quarter.
A number of equities analysts recently weighed in on SIG shares. Citigroup boosted their target price on shares of Signet Jewelers from $5.00 to $12.00 and gave the stock a “sell” rating in a report on Friday, September 4th. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, August 11th. Finally, Telsey Advisory Group increased their price target on Signet Jewelers from $18.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, October 20th. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Sell” and a consensus price target of $14.00.
Shares of SIG opened at $29.38 on Friday. The company has a market cap of $1.54 billion, a PE ratio of -9.01 and a beta of 2.67. The company has a current ratio of 2.58, a quick ratio of 1.11 and a debt-to-equity ratio of 1.46. The stock has a 50-day moving average price of $23.29 and a 200-day moving average price of $15.67. Signet Jewelers Limited has a 12-month low of $5.60 and a 12-month high of $31.44.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, September 3rd. The company reported ($1.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.07) by $0.94. The firm had revenue of $888.00 million during the quarter, compared to the consensus estimate of $788.51 million. Signet Jewelers had a positive return on equity of 5.87% and a negative net margin of 2.37%. The company’s revenue for the quarter was down 34.9% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. As a group, analysts predict that Signet Jewelers Limited will post -0.48 earnings per share for the current year.
Signet Jewelers Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 01, 2020, it operated 3,208 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.
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