Signet Jewelers Ltd. (NYSE:SIG) Shares Bought by United Services Automobile Association

United Services Automobile Association lifted its holdings in shares of Signet Jewelers Ltd. (NYSE:SIG) by 19.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,810 shares of the company’s stock after purchasing an additional 1,735 shares during the period. United Services Automobile Association’s holdings in Signet Jewelers were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SIG. Martingale Asset Management L P lifted its holdings in shares of Signet Jewelers by 138.6% in the 3rd quarter. Martingale Asset Management L P now owns 12,406 shares of the company’s stock worth $818,000 after acquiring an additional 7,206 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Signet Jewelers by 1.7% during the third quarter. Panagora Asset Management Inc. now owns 94,881 shares of the company’s stock worth $6,256,000 after buying an additional 1,620 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Signet Jewelers in the third quarter worth approximately $551,000. Quantbot Technologies LP acquired a new stake in shares of Signet Jewelers in the third quarter worth approximately $561,000. Finally, Hsbc Holdings PLC boosted its position in shares of Signet Jewelers by 72.2% in the third quarter. Hsbc Holdings PLC now owns 22,295 shares of the company’s stock worth $1,470,000 after acquiring an additional 9,349 shares during the last quarter.

SIG traded up $0.55 during midday trading on Friday, reaching $22.72. 1,331,900 shares of the company were exchanged, compared to its average volume of 1,861,700. Signet Jewelers Ltd. has a one year low of $21.64 and a one year high of $71.07. The company has a current ratio of 2.76, a quick ratio of 0.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.13 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 1.16 and a beta of 1.04.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Wednesday, April 3rd. The company reported $3.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.77 by $0.19. Signet Jewelers had a positive return on equity of 14.34% and a negative net margin of 10.65%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm earned $4.28 EPS. Signet Jewelers’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Signet Jewelers Ltd. will post 3.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.51%. Signet Jewelers’s dividend payout ratio (DPR) is currently 39.78%.

A number of research firms have recently commented on SIG. Wells Fargo & Co reduced their target price on shares of Signet Jewelers from $42.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 2nd. Citigroup downgraded shares of Signet Jewelers from a “neutral” rating to a “sell” rating and set a $24.76 price objective for the company. in a report on Friday, January 18th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 target price (down previously from $40.00) on shares of Signet Jewelers in a report on Friday, January 18th. Nomura dropped their price objective on Signet Jewelers to $26.00 and set a “neutral” rating on the stock in a report on Friday, January 18th. Finally, Zacks Investment Research cut Signet Jewelers from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 26th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.97.

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Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates 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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Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

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